Nazara Publishing, the publishing arm of India`s only publicly listed gaming company Nazara Technologies, along with nCore Games has entered a publishing partnership for FAU-G Domination. This is the latest game from the FAU-G franchise, the previous version of which garnered up to 50 million downloads. Pre-registrations for FAU-G: Domination will be available on Google Play and the App Store later this year. FAU-G: Domination is developed by Dot9 Games, a studio of nCore Games. The game features modern-day military aesthetics with Indian characters, each with unique backstories. The game includes various maps with diverse environments that reflect India`s rich heritage, blending cultural pride with cutting-edge gameplay.Powered by Capital Market - Live News

Absolute Sports, a Nazara Technologies subsidiary and the parent company of Sportskeeda.com and ProFootballNetwork.com, one of the world`s leading providers of sports news and analysis with over 100 million fans engaging with its platform monthly, announced today that it has signed an asset purchase agreement, subject to closing conditions, to acquire all of the assets of SoapCentral.com, a premier source of entertainment content in the US. The transaction is for an all-cash consideration of $1.4 Million (~ Rs 11.6 crore) and is expected to be closed in the next 30 days. In CY23, SoapCentral.com had revenues of US $621K (~ Rs 5.2 crore). Absolute Sports will use its cash reserves to fund the transaction. Absolute Sports aims to become one of the leading sports and entertainment focused publishers in the US market and this acquisition is a strong step towards achieving that goal. The company already operates SK Pop (Pop-Culture) and has experience scaling entertainment content under the SK-Pop banner. The company expects to unlock massive synergies with its content scaling and operating playbooks to establish Soap Central as a leading entertainment content destination for fans in the US.Powered by Capital Market - Live News

Mitter Infotech LLP, a promoter of Nazara Technologies,has sold 48,84,000 equity shares, representing 6.38% of the issued share capital to Plutus Wealth Management LLP through an on-market transaction in the block deal window of the stock exchange (Block Trade) on 27 May 2024. The Block Trade will provide liquidity for the promoters who have dedicated 25 years to the Company`s growth. The promoters will retain control of the Company, with Nitish Mittersain continuing in his current role as CEO & Jt. Managing Director. The promoters remain confident that the Company is strategically and financially well positioned to capitalize on the numerous opportunities ahead. Plutus Wealth Management LLP, an investor in Nazara since 2020 (pre-IPO), has demonstrated strong confidence in the Company`s prospects by increasing its shareholding via this Block Trade. Powered by Capital Market - Live News

Net profit of Nazara Technologies rose 231.52% to Rs 8.52 crore in the quarter ended March 2024 as against Rs 2.57 crore during the previous quarter ended March 2023. Sales declined 7.99% to Rs 266.21 crore in the quarter ended March 2024 as against Rs 289.32 crore during the previous quarter ended March 2023.For the full year,net profit rose 43.62% to Rs 56.57 crore in the year ended March 2024 as against Rs 39.39 crore during the previous year ended March 2023. Sales rose 4.33% to Rs 1138.28 crore in the year ended March 2024 as against Rs 1091.02 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales266.21289.32 -8 1138.281091.02 4 OPM %0.599.44 -8.579.27 - PBDT38.4332.57 18 170.43145.95 17 PBT16.9316.53 2 103.4488.80 16 NP8.522.57 232 56.5739.39 44 Powered by Capital Market - Live News

NODWIN Gaming International (Nodwin Gaming), 100%subsidiary of NODWIN Gaming, material subsidiary of Nazara Technologies has signed definitive agreements to acquire 100% ownership in Ninja Global FZCO (Ninja). Ninja has assets in esports and gaming production assets in Turkey and the Middle East. The acquisition of Ninja into NODWIN Gaming`s global emerging market delivery network is poised to enhance the company`s existing capabilities to offer solutions to publishers and brands in the Middle East and the Turkey region. This acquisition, which comes on the heels ofacquisition of Games Marketing Services company PublishMe in October, solidifies its presence in the rapidly expanding Middle East and Turkish markets.With this acquisition Nodwin Gaming has added key multi-language skills making Nodwin Gaming as a cost competitive global delivery and production platform for gaming & esports, capable of delivering world-class experiences across Asia, Middle-East, Turkey, Central Asia,Europe & USA.This acquisition also readies Nodwin Gaming to expand to Central Asia, where the mobile games market is experiencing rapid growth, across multiplayer and strategy games, driven by tech-savvy youth population.Powered by Capital Market - Live News