Nazara Technologies has entered into a Share Subscription Agreement (SSA) with Nazara Technologies UK (Nazara UK), a wholly owned subsidiary of the Company, on August 21, 2024, for the infusion of funds not exceeding GBP 4,236,246 (Rs 45.9 crore), into Nazara UK by way of subscription to its equity shares, subject to compliance with the applicable laws.
Further, the Company has also entered into a Loan Agreement with Nazara UK on August 21, 2024, for the proposed grant of a loan not exceeding GBP 16,944,985 (Rs 183.5 crore), in one or more tranches, to Nazara UK, subject to compliance with the applicable laws.
The infusion of funds by the Company into Nazara UK, by way of subscription to its equity shares, is intended to finance the acquisition of Fusebox Games by Nazara UK.
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.
