Nazara Technologies gains on completing acquisition of stake in Paper Boat Apps
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Nazara Technologies is currently trading at Rs. 1559.15, up by 17.15 points or 1.11% from its previous closing of Rs. 1542.00 on the BSE.
The scrip opened at Rs. 1542.00 and has touched a high and low of Rs. 1568.00 and Rs. 1526.90 respectively. So far 2688 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 3354.40 on 11-Oct-2021 and a 52 week low of Rs. 1452.00 on 21-Jun-2021.
Last one week high and low of the scrip stood at Rs. 1646.60 and Rs. 1526.90 respectively. The current market cap of the company is Rs. 5047.25 crore.
The promoters holding in the company stood at 19.32%, while Institutions and Non-Institutions held 14.24% and 66.44% respectively.
Nazara Technologies has completed the acquisition of equity stake of Paper Boat Apps for a total consideration of Rs 9.99 crore on April 20, 2022, consequent to achievement of the target revenue as provided under third closing of the Investment agreement dated October 11, 2019. With this, the acquisition of equity shares under third closing of the Investment agreement dated October 11, 2019 is completed.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
