Acquisitions5 Mar 2025, 06:27 pm
Nazara Technologies Completes USD 1 Million Acquisition of Intellectual Property Rights
AI Summary
Nazara Technologies Limited has informed the Exchange about the completion of the acquisition of Intellectual Property Rights from Zeptolab UK Limited. This is in compliance with Regulation 30 read with Schedule III of the Listing Regulations and pursuant to the Asset Purchase Agreement dated January 20, 2025. The company has remitted the balance consideration of USD 1,000,000 (equivalent to ~Rs. 8.74 Crores) to the Seller.
Key Highlights
- Nazara Technologies completes the acquisition of Intellectual Property Rights from Zeptolab UK Limited.
- The acquisition is pursuant to the Asset Purchase Agreement dated January 20, 2025.
- The company has remitted the balance consideration of USD 1,000,000 to the Seller.
- This update is in compliance with Regulation 30 read with Schedule III of the Listing Regulations.