Acquisitions6 Feb 2025, 12:25 am
Nazara Technologies' Subsidiary Nodwin Gaming Acquires 100% Stake in Starladder Ltd for INR 47.59 Crores
AI Summary
Nazara Technologies Ltd announced that its subsidiary Nodwin Gaming has completed the acquisition of 100% share capital of Starladder Ltd from the founder/seller. The total consideration is up to USD 5.50 million (~INR 47.59 crores), out of which USD 3.50 million (~INR 30.28 crores) has been discharged by way of issuance and allotment of 16,187 equity shares by Nodwin Singapore. The balance consideration of USD 2.00 million will be paid as per the agreement. This acquisition makes Starladder a wholly owned subsidiary of Nodwin Singapore and a step-down subsidiary of Nodwin and the Company.
Key Highlights
- Nazara Technologies' subsidiary Nodwin Gaming acquires 100% stake in Starladder Ltd.
- The total consideration is up to USD 5.50 million (~INR 47.59 crores).
- Out of the total consideration, USD 3.50 million (~INR 30.28 crores) has been discharged by way of issuance and allotment of equity shares.
- The balance consideration of USD 2.00 million will be paid as per the agreement.
- Starladder has become a wholly owned subsidiary of Nodwin Singapore and a step-down subsidiary of Nodwin and the Company.