Nazara Technologies is currently trading at Rs. 1082.10, up by 8.70 points or 0.81% from its previous closing of Rs. 1073.40 on the BSE.
The scrip opened at Rs. 1073.00 and has touched a high and low of Rs. 1103.70 and Rs. 1065.65 respectively. So far 51075 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 1124.15 on 19-Sep-2024 and a 52 week low of Rs. 590.85 on 27-May-2024.
Last one week high and low of the scrip stood at Rs. 1103.70 and Rs. 982.10 respectively. The current market cap of the company is Rs. 9475.26 crore.
The promoters holding in the company stood at 8.78%, while Institutions and Non-Institutions held 24.64% and 66.58% respectively.
Absolute Sports, a subsidiary of Nazara Technologies and the parent company of Sportskeeda.com, has signed definitive agreements, subject to closing conditions, to acquire two IPs, TJRWrestling.net and ITRWrestling.com. These business assets will be acquired from Titan Insider Digital. These IPs add to the already dominant global position of Absolute Sports in the combat sports publishing industry.
The transaction, valued at $1.25 million (Rs 10.5 crore), will be an all-cash asset purchase via the company’s U.S. subsidiary, Sportskeeda Inc., and is expected to close within the next 45 days. This strategic acquisition bolsters Sportskeeda’s position in the combat sports segment and expands its presence in the U.S., home to the world’s largest pro-wrestling fanbase. The integration of these platforms will also create deeper engagement opportunities for fans and advertisers across digital formats.
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.
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