Nazara Technologies gains as its arm makes further investment in Nodwin Gaming International
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Nazara Technologies is currently trading at Rs. 880.00, up by 3.20 points or 0.36% from its previous closing of Rs. 876.80 on the BSE.
The scrip opened at Rs. 877.30 and has touched a high and low of Rs. 885.90 and Rs. 873.70 respectively. So far 4346 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 927.25 on 06-Sep-2023 and a 52 week low of Rs. 481.95 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 927.25 and Rs. 772.15 respectively. The current market cap of the company is Rs. 5802.14 crore.
The promoters holding in the company stood at 19.05%, while Institutions and Non-Institutions held 19.26% and 61.69% respectively.
Nazara Technologies’ material subsidiary--- Nodwin Gaming has made further investment on September 07, 2023 in Nodwin Gaming International, wholly owned subsidiary of Nodwin and step down subsidiary of the company, by subscription of 5 shares for an aggregate consideration of $3,947,250, in cash. The object of acquisition is to expand in the International markets. Nodwin Gaming International is engaged in the business of E Sports, Consulting Services, Event Management, and related content development.
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.
