Business Update29 Dec 2023, 05:35 pm
Nazara Technologies acquires stake in Nodwin Gaming International
AI Summary
Nazara Technologies Limited, a leading gaming and sports company, has acquired a stake in Nodwin Gaming International Pte. Ltd., a wholly owned subsidiary of Nodwin Gaming Private Limited and a step-down subsidiary of the Company, for an aggregate consideration of USD 4,999,923.45.,
Key Highlights
- Nazara Technologies acquires stake in Nodwin Gaming International
- Nodwin Gaming Private Limited acquires 26,267 shares in Nodwin Gaming International for USD 4,999,923.45
- The acquisition is a related party transaction and is on arm's length basis
- The transaction is for expanding into international markets