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Nazara Technologies informs about acquisition

24 Jan 2024 Evaluate
In compliance with Regulation 30, read with Schedule III of the Listing Regulations, Nazara Technologies has informed that the Nodwin Gaming, a material subsidiary of the Company, has on January 23, 2024, signed definitive agreements with Karan Kalra, Jatin Varma, and Across Universe Media (collectively referred to as ‘Seller Shareholders’), for the purpose of acquisition of 100% of the equity share capital, on fully diluted basis, of Comic Con India (‘Target Company’ / ‘Comic Con’) from the Sellers for an aggregate consideration of Rs 54,99,78,240. The consideration for said purchase will be discharged partly by cash and partly by way of share swap in accordance with the Companies Act, 2013 and other applicable laws and such other regulatory/ statutory approvals as may be required. The proposed transaction is subject to fulfilment of certain customary condition precedents and other terms and conditions as set forth in the definitive agreements. Post completion of the said acquisition, Comic Con will become the wholly owned subsidiary of Nodwin and step-down subsidiary of Company. The details in this regard, pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI Circular No. SEBI/HO/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure-A to this letter. 

The above information is a part of company’s filings submitted to BSE.

Nazara Technologies Share Price

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