STOCKWATCH

Nazara Technologies Acquires Additional 9.09% Stake in Absolute Sports for INR 72.73 Crores

Nazara Technologies Limited has informed the Exchange about the acquisition of an additional 9.09% stake in Absolute Sports Private Limited. This acquisition is in line with the Share Purchase Agreements dated September 18, 2024, and is for a balance consideration of INR 72.73 Crores in cash. Post this acquisition, Nazara Technologies' equity holding in Absolute has increased to 91.03% on a fully diluted basis, making Absolute a continued material subsidiary of the Company.

• Nazara Technologies acquires an additional 9.09% stake in Absolute Sports
• The acquisition is for a balance consideration of INR 72.73 Crores in cash
• Post-acquisition, Nazara Technologies' equity holding in Absolute stands at 91.03% on a fully diluted basis
• Absolute Sports remains a material subsidiary of Nazara Technologies
• This acquisition is in compliance with Regulation 30 of Listing Regulations