NAZARA Technologies Approved further strategic investment i | ❁Stocks❁ ❁Result❁& BREAKING News

NAZARA Technologies

Approved further strategic investment in Absolute Sports Private Limited (“Absolute”), a material subsidiary of the Company, for an amount not exceeding ₹ 20.1 Cr by way of secondary purchase of its equity shares from Mr. Porush Jain, promoter of Absolute.

The proposed investment will further consolidate its holding in a fast growing and highly profitable subsidiary

Investment for an amount not exceeding ₹10 Crores by way of subscription to Optionally Convertible Debentures, payable in cash, in one or more tranches, in Brandscale Innovations Private Limited (“Brandscale Innovations”). Brandscale Innovations is currently performing exceptionally well and in order to further accelerate their growth, the Company is making the aforesaid proposed investment