Nazara Technologies Acquisition Worth ₹731.5 Cr
Nazara paid a USD 77 million second tranche, about ₹731.50 Crore, for Bluetile and Bestplay. The balance consideration will be discharged per the Amended SPA later.
- Value
- ₹731.5 Cr
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Nazara paid a USD 77 million second tranche, about ₹731.50 Crore, for Bluetile and Bestplay. The balance consideration will be discharged per the Amended SPA later.
Nazara Technologies will convert up to ₹129.35 Crore of outstanding inter-corporate loans into equity shares of its wholly-owned subsidiary, Smaaash Entertainment, to strengthen its capital base.
Nazara Technologies will convert ₹294.40 Crore of outstanding debt into equity in its wholly-owned subsidiary, Nazara Technologies UK, to strengthen the subsidiary's capital base.
Nazara Technologies will infuse ₹742.72 Crore into its wholly-owned UK subsidiary to fund the acquisition of Bluetile Games and Bestplay Systems.
Nazara Technologies acquired an additional 4.10% stake in its subsidiary, Funky Monkeys Play Centre, for an aggregate cash consideration of ₹1.90 Crore.
Nazara Technologies increased its stake in subsidiary Funky Monkeys Play Centre by 4% for ₹8 Crore. The transaction raises its total shareholding to 64%.
Nazara Technologies' subsidiary is investing ₹4.75 Crore in nCore Games via a convertible note. The deal strengthens Nazara's India-centric gaming and esports IP portfolio.
Nazara Technologies invested ₹14.99 Crore to acquire 1,278 additional shares in Rusk Media. This transaction increases Nazara's total shareholding in the entity to 7.62%.
Axana Estates LLP acquired 1,47,70,680 shares of Nazara Technologies in the open market. This increases the promoter group's stake from 27.15% to 31.14%.