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

Nodwin Gaming, South Asia’s leading esports company, and an independent subsidiary of Nazara Technologies Limited has acquired the gaming and adjacent IP business of OML Entertainment. Nodwin has agreed to a consideration of Rs 73 crore as part of an agreement concluded between the firm and OML Entertainment. The transaction will provide partial liquidity to OML Entertainment shareholders, including CA Media. Ajay Nair, MD of OML Entertainment, will join the Nodwin board as part of this transaction and will work with Akshat Rathee, MD of Nodwin Gaming.

“We strongly believe that continuous growth in the IP portfolio is central to building