Nazara Technologies Decides Not to Exercise Call Option in Moonshine Technology

Nazara Technologies Limited has informed the Exchange about their decision not to exercise the call option in Moonshine Technology Private Limited (MTPL). The decision comes after the company acquired 46.07% equity shareholding and an aggregate of 4,87,266 Compulsorily Convertible Preference Shares (CCPS) in MTPL. The call option was part of a Call Option Agreement dated December 17, 2024, which gave Nazara Technologies the right to acquire up to an additional 1% of the share capital of MTPL from its founders. However, due to the substantial equity and CCPS shareholding now held by the Company in MTPL, they have decided not to exercise this option.