Nazara Technologies soars after its arm makes initial investment in Sportskeeda
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Nazara Technologies is currently trading at Rs. 525.85, up by 4.65 points or 0.89% from its previous closing of Rs. 521.20 on the BSE.
The scrip opened at Rs. 526.95 and has touched a high and low of Rs. 534.00 and Rs. 519.85 respectively. So far 76763 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 933.78 on 11-Mar-2022 and a 52 week low of Rs. 484.00 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 535.00 and Rs. 513.10 respectively. The current market cap of the company is Rs. 3478.77 crore.
The promoters holding in the company stood at 19.14%, while Institutions and Non-Institutions held 16.46% and 64.41% respectively.
Nazara Technologies’ material Subsidiary -- Absolute Sports (Absolute) has made initial investment in Sportskeeda Inc., an entity based in Delaware, United States, a wholly owned subsidiary of Absolute, by subscribing to initial capital contribution of 1,00,00,000 shares, for an amount aggregating to $1000 for cash at the rate of $0.0001 each. Sportskeeda Inc. is yet to commence its business operations.
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.
