Acquisitions1 Jul 2025, 06:01 pm
Nazara Technologies' Subsidiary Nodwin Acquires 92.30% Stake in AFK Gaming for INR 7.58 Crores
AI Summary
Nazara Technologies Limited has informed the Exchange about the completion of AFK Gaming Private Limited's acquisition by its subsidiary, Nodwin Gaming Private Limited. The total purchase consideration is INR 7.58 Crores, out of which INR 4.59 Crores has been paid in cash and INR 2.99 Crores has been discharged by way of swap/issuance of equity shares of Nodwin. AFK Gaming is now a wholly owned subsidiary of Nodwin and a step-down subsidiary of Nazara Technologies.
Key Highlights
- Nazara Technologies' subsidiary Nodwin Gaming completes acquisition of 92.30% stake in AFK Gaming
- Total purchase consideration is INR 7.58 Crores
- INR 4.59 Crores paid in cash, INR 2.99 Crores discharged by way of swap/issuance of equity shares
- AFK Gaming becomes a wholly owned subsidiary of Nodwin
- Nazara Technologies is the parent company of Nodwin Gaming