Deals22 Jul 2025, 10:53 pm
Nazara Technologies to De-Subsidiarise Nodwin Gaming Private Limited
AI Summary
Nazara Technologies Limited has called for an Extraordinary General Meeting (EGM) on August 13, 2025, to approve the de-subsidiarisation of its material subsidiary, Nodwin Gaming Private Limited. The de-subsidiarisation will be carried out by permitting dilution of the Company’s shareholding in Nodwin, resulting in the Company ceasing to exercise more than 50% of the total voting power in Nodwin, without any sale of shares by the Company. The EGM will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) due to the ongoing pandemic situation.
Key Highlights
- Nazara Technologies Limited to de-subsidiarise Nodwin Gaming Private Limited
- De-subsidiarisation to be carried out by permitting dilution of the Company’s shareholding in Nodwin
- Company to cease to exercise more than 50% of the total voting power in Nodwin
- EGM to be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM)
- EGM to be held on August 13, 2025