Investment30 March 2026 at 05:57 pm
Nazara Technologies Invests INR 14.99 Crores in Rusk Media for 1.36% Stake
AI Summary
Nazara Technologies Limited has entered into a Share Subscription Agreement with Rusk Media Private Limited to subscribe to its 1,278 Pre Series C Compulsorily Convertible Preference Shares for an aggregate consideration of INR 14,98,99,176. The investment aims to create a scripted reality esports or gaming universe, with Nazara having exclusive monetization rights on the IP that will be created. The transaction is expected to complete within 60 days.
Key Highlights
- Nazara Technologies to invest INR 14.99 crores in Rusk Media
- Investment represents 1.36% stake in Rusk Media on fully diluted basis
- Partnership aims to create a scripted reality esports or gaming universe
- Nazara to have exclusive monetization rights on the IP created
- Transaction expected to complete within 60 days