Nazara Technologies has completed the acquisition of a 47.7% stake in Moonshine Technology (MTPL), the parent company of PokerBaazi, India’s top online poker gaming platform, for Rs 832 crore through a secondary transaction. Additionally, Nazara will inject Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares.
PokerBaazi is India’s largest online poker platform, driving over 85% of Moonshine’s net revenue, while its fantasy sports platform, SportsBaazi, contributes 12%. PokerBaazi had around 340,000 monthly active users as of May 2024.
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.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
| View more.. | |
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