The investment includes Rs 832 crores for a 47.7 per cent ownership through a secondary transaction and Rs 150 crore in primary capital via compulsory convertible preference shares
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The agreement is supposed to strengthen Nazara's position in the online skill-gaming market
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Esports section outperforms with a 12 per cent revenue increase, offsetting dips in the gaming and ad-tech industries, the company's USD 100 million M&A fund is dedicated to strategic acquisitions and global expansion
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With this acquisition Nazara Technologies aims to strengthen its position in the intellectual property (IP) based gaming business
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Nazara Technologies has acquired an additional 48.42 per cent share in Paper Boat Apps for Rs 300 crore, raising its total ownership to 100 per cent
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Enforcement action by DGGI prompts regulatory challenge for gaming and sports media giant, pledges legal contestation amidst market apprehension
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The promoters will retain control of the company, with Nitish Mittersain continuing in his current role as CEO and Joint Managing Director
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