Page 2 - Nazara Technologies

Nodwin Gaming to increase its ownership in Freaks 4U in Rs 271 cr deal

By integrating Freaks 4U Gaming's expertise and resources, Nodwin is poised to expand its global footprint in the gaming and esports industries, says Akshat Rathee, co-founder of Nodwin Gaming

Nazara Tech share zooms 9% on acquisition of Freaks 4U Gaming for Rs 271 cr

The uptick in share price came after Nazara Technologies said NODWIN Gaming will increase its ownership in leading European esports company Freaks 4U Gaming to 100 per cent

Delta Corp stock up 14% on retrospective GST respite hope. Check key levels

As per reports, the GST Council is expected to take up a key amendment that has the potential to resolve the vexatious issue of retrospective taxation for online gaming companies this Saturday.

Nazara Tech arm to acquire US-based Soap Central; stock soars 19% in 2 days

Absolute Sports, the parent company of Sportskeeda.com and ProFootballNetwork.com, has signed an asset purchase agreement to acquire all assets of SoapCentral.com for $1.4 million

Nazara promoters sell 6.38% stake to Plutus Wealth; stock up 14% from low

Mitter Infotech LLP, a promoter of Nazara Technologies, has sold 4.88 million equity shares, representing 6.38 per cent of the share capital, to Plutus Wealth Management LLP

Nazara games subsidiary to acquire Ultimate Teen Patti IP from Games24x7

Gaming company Nazara Technologies will acquire intellectual property rights pertaining to Ultimate Teen Patti from Games24x7 for Rs 10 crore, the company said in a regulatory filing. Launched in 2015, Ultimate Teen Patti (UTP) is a free casual card game for entertainment purposes only and does not offer any real money to the players. "Next Wave Multimedia Private Limited, a subsidiary of the company, at their meeting held today i.e. on April 04, 2024, has approved the acquisition of all the Intellectual Property rights pertaining to the 'UTP - Ultimate Teen Patti' casual freemium card game software and associated trademarks," the filing said. The acquisition will be done by by way of assignment from U Games Private Limited, the subsidiary of Play Games24x7 Private Limited for an aggregate consideration of Rs 10 crore inclusive of applicable taxes, the filing said. Out of the total aggregate consideration of Rs 10 crore inclusive of applicable taxes, if any, as per the IP assignme

Can LS elections, IPL revive mood in media stocks? Here's what charts say

Analysts believe that Lok Sabha polls and IPL may provide short-term earnings boost, but the overall sentiment depends on how the RIL-Disney deal shapes up or a revival in Zee-Sony India merger talks.

Nazara Tech's Nodwin Gaming to acquire 100% stake in Comic Con India

Jatin Varma and Karan Kalra, the founders of Comic Con India will swap 275 million shares of the company with Nodwin Gaming

Nazara Technologies to raise Rs 250 cr via preferential allotment

The fundraise is part of the company's planned fundraising of Rs 750 crore that was announced earlier in financial year 24

Nazara Technologies surges 8%, hits 52-week high on healthy outlook

For the first half (April to September) of the financial year 2023-24 (H1FY24), Nazara had reported 13 per cent year-on-year (YoY) growth revenue at Rs 551.7 crore

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

SBI Mutual Fund agrees to invest Rs 410 crore in Nazara Technologies

Nazara Technologies on Thursday said the country's largest mutual fund SBI MF has agreed to invest Rs 410 crore in the company by subscribing to its preferential allotment of equity by way of private placement. The gaming and sports media platform said the shares carry a face value of Rs 4. The company will issue 57,42,296 shares at a price of Rs 714 per share, aggregating to Rs 409.99 crore, to SBI Mutual Fund by way of preferential issue on a private placement basis. The funds will be invested via three schemes of SBI Mutual Fund, namely SBI Multicap Fund, SBI Magnum Global Fund and SBI Technology Opportunities Fund, it said in a statement. Earlier this week, Nithin and Nikhil Kamath of Zerodha invested Rs 100 crore in the company. The issue is an addition to the issuance of up to 14,00,560 fully paid-up shares approved by the board on September 4, both together aggregating to an amount not exceeding Rs 510 crore, the company said. The fund will be utilised to invest in funding

Gaming firm Nazara Technologies to raise Rs 410 cr from SBI Mutual Fund

Company will use investment for growth objectives including strategic acquisitions

Zerodha's Kamath brothers to invest Rs 100 crore in Nazara Technologies

This will take Nikhil Kamath's stake in the firm to 3.5 per cent, up from an earlier 1 per cent

Nazara Tech zooms 12% on plan to raise Rs 100 cr from Nikhil Kamath's firms

The company said it is proposing to issue 1.4 million equity shares at a price of Rs 714 per equity share aggregating to Rs 100 crore proportionately to M/s Kamath Associates & M/s NKSquared.

Nazara Tech jumps 5% on strong Q1 results; stock up 20% so far in 2023

In the recently concluded quarter, Nazara's revenue from operations climbed 14 per cent YoY to Rs 254.4 crore. However, a sequential decline of 12 per cent was seen from Rs 289.32 crore in Q4FY23

Nazara Tech's Q1 profits surge 31% to Rs 20.9 crore, revenue up 14%

In the previous quarter, the firm's profit after tax stood at Rs 9.37 crore

Stocks to Watch today, July 13: Delta Corp, HDFC Bank, Patanjali, SpiceJet

Stocks to watch on July 13, 2023: Shares of TCS and HCL Technologies will react to Q1 earnings on Thursday.

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA

Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.