Loan & Debt30 Jul 2026, 08:50 pm
Nazara Subsidiaries Loan ₹16.74 Cr to Nazara UK
AI Summary
Nazara Technologies Limited announced that two of its wholly-owned subsidiaries, Sportskeeda Inc. and Kiddopia Inc., have entered into loan agreements with Nazara Technologies UK Limited, another wholly-owned subsidiary. Sportskeeda Inc. will provide an unsecured loan of up to USD 5,17,000 (~₹5.00 Crores), and Kiddopia Inc. will provide a loan of up to USD 12,30,000 (~₹11.74 Crores). These loans are for general corporate purposes and working capital requirements. The transactions are considered related party transactions but are exempted under Listing Regulations and are on an arm's length basis.
Key Highlights
- Two Nazara subsidiaries provide loans totaling ~₹16.74 Crores to Nazara UK.
- Loans are unsecured and for general corporate and working capital needs.
- Transactions are between wholly-owned subsidiaries of Nazara Technologies.
- Deemed related party transactions, but exempted and on arm's length basis.
Price Impact
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