Page 6 - Nazara Technologies

Nazara Technologies acquires majority stake in Datawrkz for Rs 124 cr

Gaming and sports media company Nazara Technologies on Tuesday said it will acquire a 55 per cent stake in programmatic advertising and monetisation company Datawrkz for about Rs 124 crore. The transaction values the Bengaluru-based company at Rs 225 crore (approximately USD 30 million), linked to CY 22 EBITDA performance, a filing said. The Board has approved the strategic investment by the acquisition of 37,498 equity shares - representing 55 per cent of the equity share capital, on a fully diluted basis -- of Datawrkz Business Solutions Private Limited along with its wholly-owned subsidiaries at a total consideration not exceeding Rs 124 crores in two tranches, it added. The shares will be bought from existing shareholders Senthil Govindan, Karthigha Dhanabalan, K Arunprabu, Mayank Khirwadkar and Vishal Tukaranm Garale, it said. In the first tranche, Nazara will acquire a 33 per cent share for Rs 60 crore during the first quarter of FY2022-23 and it reserves an option to acquire

NODWIN Gaming picks up 10% stake in digital content network Rusk Media

Nazara Technologies on Monday said its subsidiary NODWIN Gaming has acquired a strategic 10 per cent stake in digital content IP media network, Rusk Media.

Nazara Technologies Q2 net profit rises 9.8% to Rs 14.5 crore

Its revenue during reported quarter jumped 17.8 per cent to Rs 129.6 crore, compared with Rs 110 crore in the year-ago period

Skill gaming startups caught in Karnataka's online gambling ban

Following a ban by Karnataka, fantasy sports and online games like Dream11 are out of bounds for gamers in the state. Let's understand the regulatory scenario for the Indian online gaming industry

Big Bull Rakesh Jhunjunwala's holding in Nazara past Rs 1,000 cr

GAME ON: Market price of sports media platform has zoomed 78% in one month

Up 78% in a month! Jhunjhunwala's holding in this firm crosses Rs 1,000 cr

Ace investor Rakesh Radheshyam Jhunjhunwala held 10.82 per cent stake in Nazara Technologies as on June 30, 2021

Stocks to watch: RIL, ZEEL, Sobha, Lupin, Nazar Tech, Titan, Inox Wind

Tata group firm Titan on Wednesday said it has witnessed a strong recovery in demand in the July-September quarter

Jhunjhunwala-backed Nazara plans Rs 315 cr preferential issue

In a statement on Wednesday, Nazara said the fresh funds will be utilised for the growth initiatives of the company

Sensex snaps 4-day losing streak, ends 534 pts up; Nifty tad below 17,700

Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)

Nodwin buys gaming adjacent IPs, talent business from OML for Rs 73 cr

Deal will provide partial liquidity to OML Entertainment shareholders, including CA Media. Ajay Nair, MD of OML, will join Nodwin board and work with Akshat Rathee, MD of Nodwin Gaming

This Rakesh Jhunjhunwala-owned stock hits record high; up 30% in 3-weeks

Nazara Technologies hit a record high of Rs 2,076, surpassing its previous high of Rs 2,026.90 touched on debut day i.e. March 30, 2021.

Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900

Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion

Stocks to watch: Airtel, RIL, M&M, Nazara Tech, IDBI Bank, Burger King

Amit Banerjee took over as Chairman and Managing Director of BEML on Friday

Nazara Technologies acquires OpenPlay for Rs 186.4 crore

Nazara Technologies on Friday said it has acquired Hyderabad-based OpenPlay for Rs 186.41 crore

CLSA expects this Jhunjhuwala-backed gaming company stock to crash 41%

In its latest report, CLSA retained a SELL rating on Nazara Technologies, India's first listed gaming company, on revenue miss in June quarter and pricey valuations

Nazara Technologies posts Rs 13.6-crore net profit for June quarter

Gaming firm Nazara Technologies on Friday posted a net profit of Rs 13.6 crore for the June 2021 quarter.

CLSA puts sell rating on Rakesh Jhunjhunwala-backed Nazara; stock tanks 12%

CLSA initiated coverage on Nazara Tech with a Sell rating and target price of Rs 1,095, citing hefty premium valuation

Nazara Tech to acquire majority stake in Publishme for Rs 20 crore

Nazara Technologies said it will acquire 69.82 per cent stake in Publishme, the largest mobile game publishing agency in the Middle East and Turkey, for about Rs 20 crore

Nazara Technologies clocks 84% jump in FY'21 revenue at Rs 454.2 cr

This was driven by strong growth momentum in segments like gamified learning and e-sports.

Nazara Technologies advances 19% after falling 29% in two days

The company had made a stellar debut on the bourses on Tuesday as the shares listed at Rs 1,990, an 81 per cent premium over its issue price