Nazara Technologies Invests USD 1 Million in Getstan Technologies Pte. Ltd., Boosting Gaming Community Platform

Nazara Technologies Limited, a leading gaming and sports entertainment company, has informed the stock exchange about its investment in Getstan Technologies Pte. Ltd. (STAN), a Singapore-based gaming community platform. Nazara Technologies FZ LLC, a wholly-owned subsidiary of Nazara Technologies Limited, will invest up to USD 1 Million (equivalent to INR 8.66 Crores) in STAN in the form of Compulsorily Convertible Preference Shares (CCPS). This investment will give Nazara Dubai a 1.54% stake in STAN on a fully diluted basis, increasing its total shareholding to 14.57% post-investment. STAN is a leading gaming community platform in India, dedicated to creating a vibrant ecosystem for gamers and creators, with a mobile-first design and a focus on user experience. The proposed transaction is subject to customary condition precedents and other terms and conditions.