Acquisitions31 Dec 2025, 01:15 am
Nazara Technologies Acquires Additional 4.19% Stake in Subsidiary Next Wave Multimedia for INR 2.5 Crore
AI Summary
Nazara Technologies Limited has informed the stock exchange about the acquisition of 1,396 equity shares of INR 100/- each, representing 4.19% of the equity share capital of its subsidiary Next Wave Multimedia Private Limited. This acquisition was made from the existing promoter founder shareholders of Nextwave, Mr. P.R Rajendran, Ms. R Kalpana and Ms. P.R Jayashree, on December 30, 2025, upon payment of consideration of INR 2,50,02,985/-. This acquisition has increased Nazara Technologies' equity holding in Nextwave from 83.25% to 87.44%.
Key Highlights
- Nazara Technologies acquires 4.19% stake in Next Wave Multimedia for INR 2.5 Crore
- Acquisition increases Nazara Technologies' equity holding in Nextwave from 83.25% to 87.44%
- Transaction executed among Nazara Technologies, Next Wave Multimedia, and the founding shareholders of Nextwave
- Acquisition in compliance with Regulation 30 read with Schedule III of Listing Regulations
- Share Purchase Agreement dated May 24, 2024, executed for the transaction