Acquisitions30 Jan 2026, 11:24 pm
Nazara Technologies Acquires 5.23% Stake in Rusk Media for INR 27,14,91,792
AI Summary
Nazara Technologies Limited has made a cash payment of INR 27,14,91,792 for the acquisition of 4,276 Series A Compulsorily Convertible Preference Shares of INR 10/- each, representing 5.23% of the share capital, on a fully diluted basis, of Rusk Media Private Limited. This acquisition will increase Nazara Technologies' holding in Rusk Media to 7.18%.
Key Highlights
- Nazara Technologies acquires 5.23% stake in Rusk Media for INR 27,14,91,792
- Acquisition made through the purchase of 4,276 Series A Compulsorily Convertible Preference Shares
- This acquisition increases Nazara Technologies' holding in Rusk Media to 7.18%
- The acquisition is in compliance with Regulation 30 read with Schedule III of Listing Regulations
- The payment was made pursuant to the Share Purchase Agreement dated November 12, 2025