Acquisitions25 Jun 2025, 06:31 pm
Nazara Technologies Extends Acquisition Timeline for AFK Gaming to July 30, 2025
AI Summary
Nazara Technologies Limited, in compliance with Regulation 30 and Schedule III of the Listing Regulations, has informed the Exchange about the extension of the timeline for acquiring 92.30% of the equity share capital of AFK Gaming Private Limited from the sellers. The acquisition, previously agreed upon for an aggregate consideration of INR 7.58 Crores, was earlier scheduled to close in December 2024. However, due to certain unspecified reasons, the closing date has been extended to July 30, 2025.
Key Highlights
- Nazara Technologies extends acquisition timeline for AFK Gaming to July 30, 2025
- The acquisition involves 92.30% equity share capital of AFK Gaming for INR 7.58 Crores
- The acquisition was initially scheduled to close in December 2024
- The acquisition is being carried out by Nazara's material subsidiary, Nodwin Gaming Private Limited
- The acquisition is in compliance with Regulation 30 and Schedule III of the Listing Regulations