Nazara Technologies secures major investment, plans to expand and acquire new game rights.

Nazara Technologies, an online gaming company, has secured a Rs 495 crore investment from existing investors Arpit Khandelwal and Mithun Sacheti through Axana Estates LLP, acquiring a 5.4% stake. This deal triggers a mandatory open offer for an additional 26% stake. The funds will be used to boost organic growth, make strategic acquisitions, and explore new markets. Nazara also plans to buy intellectual property rights for two mobile games from ZeptoLab for Rs 67 crore.

2 months ago
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