Nazara Technologies’ material subsidiary -- Nodwin Gaming (Nodwin) has completed acquisition of 92.30% of the equity share capital of AFK Gaming (AFK). Out of the total purchase consideration of Rs 7.58 crore payable by Nodwin a) consideration of Rs 4.59 crore has been paid in cash and b) balance Rs 2.99 crore has been discharged by way of swap/issuance of equity shares of Nodwin, in accordance with terms of the Agreement.
Pursuant to the aforesaid acquisition, AFK has become a wholly owned subsidiary of Nodwin and a step-down subsidiary of the Company.
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 |
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