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Nazara Technologies’ arm through subsidiary to acquire stake in Branded Pte

05 Apr 2023 Evaluate

Nazara Technologies’ material subsidiary -- Nodwin Gaming through its wholly owned subsidiary ‘Nodwin International Pte’ has signed definitive agreements for the acquisition of 51% of the share capital of Branded Pte, at a consideration of upto $1.3 million, to be paid in cash.

Branded Pte is a Private Company by Shares, incorporated in Singapore engaged in Gaming & Sports Entertainment IP business. The acquisition is proposed by way combination of both primary infusion in Shares and secondary purchase of Shares from the existing shareholder of Branded Pte, which in aggregate represent up to 51% of the share capital of Branded Pte.

The proposed acquisition is subject to fulfilment of certain customary conditions precedent and other terms and conditions as set forth in the definitive agreements. The acquisition is being funded out of internal cash reserves of Nodwin International Pte. and the cash reserves created by way of equity infusion which is proposed to be advanced by Nodwin to Nodwin International Pte.

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

Nazara Technologies Share Price

273.80 12.85 (4.92%)
17-Apr-2026 16:59 View Price Chart
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