Nazara Technologies Merger & Restructuring Worth ₹851.5 Cr
Nazara Technologies infused funds into its subsidiary, Nazara UK, and completed the first tranche of the acquisition of Target Companies for ₹851.51 Crore.
- Value
- ₹851.5 Cr
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Nazara Technologies infused funds into its subsidiary, Nazara UK, and completed the first tranche of the acquisition of Target Companies for ₹851.51 Crore.
Nazara Technologies completed the acquisition of Bluetile Games and Bestplay Systems by infusing ~₹872.28 Crore into its subsidiary, Nazara UK, to fund the first tranche payment.
Nazara Technologies has acquired Bluetile Games and Bestplay Systems via its subsidiary Nazara UK for a total consideration of INR 2990 Crores.
Nazara Technologies will invest up to ₹9.9 Crore to acquire additional equity in its subsidiary, Funky Monkeys Play Centers, increasing its stake to 68.1%.
Nazara Technologies' subsidiary will acquire 100% of Bluetile Games for a fixed cash consideration of ₹2,909 crore, replacing the previous phased acquisition and earn-out structure.
Nazara Technologies withdrew its amalgamation scheme with Paper Boat Apps, approved by NCLT. This restructuring update affects corporate structure but carries no financial value.