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Nazara Technologies informs about disclosure

06 Aug 2024 Evaluate
In compliance with Regulation 30 read with Schedule III of the Listing Regulations, Nazara Technologies has informed that, Sportskeeda Inc. (Purchaser), a wholly owned subsidiary of Absolute Sports (Absolute), a material subsidiary of the Company, has today i.e., on August 06, 2024, entered into an Asset Purchase Agreement (the Agreement) with Deltias Gaming LLC, a Nebraska Limited Liability Company (Seller) and Jacob A. Hausman (a.k.a Deltia), the Founder of Deltias Gaming LLC for acquisition of all the Intellectual Property Rights including but not limited to Domain Rights, trademark, content, website, software codes etc. (Deltia’s Gaming - IP Assets) of the Seller, for an aggregate consideration of USD 900,000 (United States Dollars Nine Hundred Thousand Only) (equivalent to approximate INR 7.57 Crores) to be paid in cash by the Purchaser to the Seller, in one or more tranches, in accordance with and on such terms and conditions as stated in the Agreement and in compliance with the applicable laws and such other regulatory / statutory approvals, as may be required. The proposed acquisition is subject to fulfilment of certain customary conditions precedent and other terms and conditions as set forth in the Agreement. The details in relation to the above, as required under the Listing Regulations read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and the SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure - A.

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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