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Nazara Technologies’ arm to acquire 100% stake in Comic Con India

24 Jan 2024 Evaluate

Nazara Technologies’ material subsidiary -- Nodwin Gaming has taken a significant step by acquiring Comic Con India, a company famous for hosting multiple pop cultural festivals targeting youth in India. This acquisition not only diversifies NODWIN Gaming's youth portfolio but also marks a strategic expansion in the global entertainment landscape.

As part of this transaction, NODWIN Gaming will acquire 100% of the shares of Comic Con India at a valuation of Rs 55 crore through a combination of cash and share swap from the founders of Comic Con India - Jatin Varma and Karan Kalra. They will continue and remain to operate the business as part of NODWIN Gaming.

This acquisition is particularly noteworthy as the managing team at Comic Con India will also become shareholders in NODWIN Gaming by swapping 27.5 crore of their Comicon India shares with NODWIN shares. Their decision to become shareholders is a strong endorsement of NODWIN Gaming's vision and strategy for the future.

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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