Acquisitions30 March 2026 at 05:41 pm
Nazara Technologies Acquires Remaining Shares in Subsidiary Next Wave Multimedia
AI Summary
Nazara Technologies Limited has informed the Exchange about the acquisition of equity shares of Next Wave Multimedia Private Limited, a subsidiary of the Company. The acquisition of 4,188 equity shares, representing 12.56% of the equity share capital of Nextwave, was made from the existing promoter-founder shareholders on March [.], 2026. The total consideration was INR 7,50,08,955. This acquisition has resulted in Nazara Technologies owning 100% of Nextwave, making it a wholly owned subsidiary.
Key Highlights
- Nazara Technologies acquired 12.56% equity shares of Next Wave Multimedia for INR 7,50,08,955.
- Next Wave Multimedia has become a wholly owned subsidiary of Nazara Technologies.
- The acquisition was made from existing promoter-founder shareholders.
- The acquisition increased Nazara Technologies' equity shareholding in Nextwave from 87.44% to 100%.