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Nazara Technologies is currently trading at Rs. 2473.95, up by 97.85 points or 4.12% from its previous closing of Rs. 2376.10 on the BSE.

The scrip opened at Rs. 2450.00 and has touched a high and low of Rs. 2494.90 and Rs. 2396.15 respectively. So far 21854 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. 1412.50 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 2525.00 and Rs. 2335.10 respectively. The current market cap of the company is Rs. 8083.54 crore.

The promoters holding in the company stood at 20.70%, while Institutions and Non-Institutions held 14.13% and 65.17% respectively.

Nazara Technologies has received an approval for making strategic investment by acquisition of 37,498 equity shares of Rs 1 each representing 55% of the equity share capital, on fully diluted basis, of Datawrkz Business Solutions along with its wholly owned subsidiaries from its existing shareholders at a total consideration not exceeding to Rs 124 crore, in two tranches.

In the first tranche, the company shall acquire 33% equity share capital, on fully diluted basis, of the Datawrkz Business Solutions, for a consideration of Rs 60 crore during the Q1 FY 2022-2023 and the company reserves an option to acquire additional 22% of the equity share capital of the Datawrkz Business Solutions, on fully diluted basis, in the second tranche that is expected to close in Q4 FY2022-2023. Datawrkz tech offerings will enhance in-house capabilities of the company for optimizing its customer acquisition spends as well as enhance yields on ad monetization of its large consumer base.

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.