Net profit of Nazara Technologies rose 10.85% to Rs 21.97 crore in the quarter ended September 2024 as against Rs 19.82 crore during the previous quarter ended September 2023. Sales rose 7.30% to Rs 318.94 crore in the quarter ended September 2024 as against Rs 297.24 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales318.94297.24 7 OPM %7.508.98 - PBDT47.4936.32 31 PBT21.7521.24 2 NP21.9719.82 11 Powered by Capital Market - Live News

Nazara Technologies and Open Network for Digital Commerce (ONDC) announced their integration to launch gCommerce - an innovative in-game monetization platform that seamlessly integrates e-commerce within games. The integration aims to address a persistent challenge for Indian game developers: low inapp purchase (IAP) conversion rates and poor yields from advertising. Through gCommerce, Nazara and ONDC Network are reimagining game monetization by leveraging India`s thriving e-commerce landscape and providing developers with new, scalable revenue streams. This strategic integration will allow game developers to monetize through an affiliate revenue-sharing model, earning a commission on every successful transaction initiated by players through the gCommerce platform. The gCommerce platform is currently in soft launch and will be rolled out to game developers starting Q1, FY26. Powered by Capital Market - Live News

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live News

Nazara Technologies has acquired an additional 19.35% stake in Absolute Sports, the parent company of Sportskeeda, for Rs 145.5 crore, with 50% of the consideration paid in cash and the remaining amount in stock. With this, Nazara now holds a 91% ownership stake in Absolute Sports, solidifying its leadership position in the sports media domain. Sportskeeda, Absolute Sports` flagship brand, reaches millions ofsports fans globally each month, with significant traction in India and the U.S., where it ranks among the top sports platforms. In addition, Absolute Sports has recently expanded by acquiring Pro Football Network (PFN), SoapCentral, and Deltia`s Gaming, further diversifying its sports and entertainment portfolio.Powered by Capital Market - Live News

Nazara Technologies announced its largest fund raise to boost its growth trajectory. The company`s board has approved a preferential equity issue to raise Rs 900 crore, subject to shareholder and regulatory approvals. This capital infusion will fuel strategic acquisitions, fund business expansion, and enhance the company`s ability to seize new growth opportunities.The preferential equity issue amounting to Rs 900 crore will be placed with marquee investors such as SBI Mutual Fund, Junomoneta Finsol (an associate of Plutus Wealth), Think Investments, Discovery Investments, Mithun and Siddharth Sacheti, Cohesion Investments, Chartered Finance and Leasing, Ratnabali Investments and Aamara Capital, further strengthening Nazara`s financial foundation for long-term expansion. These shares will be subject to SEBI regulations and lock-in requirements as per Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018.Powered by Capital Market - Live News