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Nazara Technologies rises on incorporating Wholly Owned Subsidiary
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Nazara Technologies is currently trading at Rs. 964.80, up by 14.10 points or 1.48% from its previous closing of Rs. 950.70 on the BSE.
The scrip opened at Rs. 955.00 and has touched a high and low of Rs. 974.95 and Rs. 952.00 respectively. So far 7330 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 4 has touched a 52 week high of Rs. 989.55 on 15-Jan-2024 and a 52 week low of Rs. 590.85 on 27-May-2024.
Last one week high and low of the scrip stood at Rs. 974.95 and Rs. 900.00 respectively. The current market cap of the company is Rs. 7276.81 crore.
The promoters holding in the company stood at 10.05%, while Institutions and Non-Institutions held 22.81% and 67.13% respectively.
Nazara Technologies has incorporated a Wholly Owned Subsidiary Company named ‘Nazara Technologies UK’ in United Kingdom. The incorporation of Nazara UK aligns with the company's strategic objectives to expand its existing gaming business in UK.
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.
