StockWatch
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Digital Entertainment
Acquisitions29 May 2026, 04:08 am

Nazara increases Rusk Media stake to 7.62% with ₹14.99 Cr investment

AI Summary

Nazara Technologies Limited has completed the acquisition of 1,278 Pre Series C Compulsorily Convertible Preference Shares (CCPS) of Rusk Media Private Limited. The shares were allotted to Nazara against a subscription amount of ₹14,98,99,176/-. This latest acquisition represents 1.36% of Rusk Media's share capital on a fully diluted basis. Following this transaction, Nazara's total shareholding in Rusk Media has increased to 7.62% on a fully diluted basis. This update follows a previous disclosure made on March 30, 2026.

Key Highlights

  • Nazara invested ₹14.99 Cr in Rusk Media.
  • Acquired 1,278 Pre Series C CCPS of Rusk Media.
  • Increased stake in Rusk Media to 7.62% fully diluted.
  • The acquisition represents 1.36% of Rusk Media's share capital.