Investment26 Aug 2025, 11:01 pm
Nazara Technologies Announces Unsecured Loans to Subsidiaries Totaling INR 17.73 Crores
AI Summary
Nazara Technologies Ltd has informed the stock exchange about disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015. The company's subsidiaries, Kiddopia Inc., Sportskeeda Inc., and Nazara Technologies (Mauritius), have entered into loan agreements with Nazara Technologies UK Limited. The total unsecured loan amount is not exceeding USD 1,000,000 (equivalent to ~INR 8.73 Crores) for Kiddopia, USD 572,443 (equivalent to ~INR 5 Crores) for Sportskeeda, and GBP 367,000 (equivalent to ~INR 4 Crores) for Nazara Technologies (Mauritius). The loans are for business purposes, working capital requirements, acquisition(s), expansion plans, and general corporate purposes.
Key Highlights
- Nazara Technologies Ltd announces unsecured loans to its subsidiaries.
- The total loan amount is not exceeding INR 17.73 Crores.
- The loans are for business purposes, working capital requirements, acquisition(s), expansion plans, and general corporate purposes.
- The loans are granted by Nazara Technologies UK Limited, a wholly-owned subsidiary of the Company.
- The loans are unsecured.