This gaming company is playing in favour of its investors!

This gaming company is playing in favour of its investors!

by 5paisa Research Team Last Updated: 2022-04-25T17:20:28+05:30

Nazara Technologies Ltd is a leading India based diversified gaming and sports media platform with a presence in India and across emerging and developed global markets such as Africa and North America, with offerings across interactive gaming, eSports and gamified early learning ecosystems.

The company owns some of the most recognizable IPs, including WCC and CarromClash in mobile games, Kiddopia in gamified early learning, Nodwin and Sportskeeda in eSports and eSports media, and Halaplay Technologies Private Limited and Qunami in skill-based, fantasy and trivia games.

Nazara was among the first entrants in the Indian market in eSports (through Nodwin) and cricket simulation (through Nextwave). On April 20, 2022, Nazara Technologies announced that it has completed the acquisition of an equity stake in Paper Boat Apps. The total consideration of this acquisition is Rs 9.99 crore. On 22nd April 2022, Nazara Technologies’ material subsidiary, Nodwin Gaming (Nodwin) has reported that it successfully completed the acquisition of a 35% equity stake, on a fully diluted basis, of Brandscale Innovations by way of subscription of 567 equity shares having a face value of Rs 100 each for a total consideration of Rs 10.01 crore.

The stock of this company has witnessed some positive action after this. In today’s trading session this S&P BSE Smallcap opened at Rs 1542 and closed at Rs 1554 witnessing a gain of 0.78% in an otherwise pessimistic market. The 52-week high of this company is Rs 3354.40 and 52-week low is Rs 1452.

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