Nodwin Gaming (Nodwin), a material subsidiary of  Nazara Technologies , has on 18 December 2024, signed Share Purchase Agreement with AFK Gaming (AFK), Nishant Patel, Rakesh Ramchandran and Siddharth Nayyar (the Founders of AFK) and the other shareholders for the purpose of secondary acquisition of 92.30% of the equity share capital, of AFK from the sellers for an aggregate consideration of Rs 7.58 crore, payable by the Nodwin a) partly by way of Cash consideration of Rs 4.59 crore and b) balance Rs 2.99 crore by way of swap of equity shares of Nodwin, in accordance with the Companies Act, 2013 and other applicable laws and such other regulatory/ statutory approvals as may be required. Post completion of the said acquisition, AFK will become the wholly owned subsidiary of Nodwin and step-down subsidiary of CompanyPowered by Capital Market - Live News

Paper Boat Apps (the creators of Kiddopia app), a Nazara Group Company, announced a new licensing agreement with Moonbug Entertainment, global leader in children`s entertainment and a part of Candle Media. This partnership grants Kiddopia rights to integrate Moonbug`s popular property, Little Angel, into its award-winning edutainment platform.This strategic collaboration aligns with Kiddopia`s commitment to delivering high-quality, educational content for children aged 2-7 years. With the addition of Little Angel characters and storylines, Kiddopia will develop a series of interactive activities and games designed to enhance engagement while fostering learning in a fun and creative environment. Speaking on the partnership, Dhaval Sheth, COO and CFO of Kiddopia, said: �This partnership with Moonbug Entertainment is a significant step in enriching Kiddopia`s offering. By integrating globally beloved IP, we aim to deliver even more engaging and educational experiences for young learners worldwide.� Powered by Capital Market - Live News

Nazara Technologies has unveiled a series of strategic investments aimed at solidifying its position in the gaming and entertainment ecosystems.Nazara has announced new Investments in Funky Monkeys & Learntube.aiNazara has expanded into physical entertainment with the acquisition of a 60% stake in Funky Monkeys Play Centers Private Limited, a leader in indoor soft play centers for children, for Rs 43.7 crore. Funky Monkeys operates 11 centers across India, offering interactive play experiences for children.Nazara will also invest Rs 4.2 crore for a 4.7% stake in Learntube.ai, an AI-powered platform revolutionizing education with 1:1 interactive and gamified learning. Catering to over 20 lakh learners, LearnTube is the world largest personalised learning platform that offers affordable, interactive gamified learning experiences for professional skilling.Nazara has Increased its shareholding of existing companiesNazara will invest Rs 148 crore in its existing subsidiaries including Sportskeeda, Nodwin Gaming, and Datawrkz to increase its ownership in them and support their growth.� Nodwin Gaming: Nazara will invest Rs 64 crore through subscription of Optionally Convertible Preference Shares to bolster Nodwin`s growth. The funds will support Nodwins expansion, enhance its intellectual properties (IPs), and strengthen its footprint in emerging markets. � Absolute Sports (Sportskeeda): Nazara will invest Rs 69 crore to purchase shares arising from exercise of ESOPs from the Sportskeeda management to increase its stake to 100% in the company making it a wholly owned subsidiary. � Datawrkz: Nazara granted in-principle approval for an investment of Rs 15 crore in Datawrkz through the subscription of Compulsorily Convertible Cumulative Preference Shares to support ongoing growth of Datawrkz. Powered by Capital Market - Live News

NODWIN Gaming, a material subsidiary of Nazara Technologies, announced the acquisition of Trinity Gaming, a leading gaming agency and platform MCN/ CSP in a deal valued at Rs 24 crore. This acquisition will see Trinity Gaming become a fully owned subsidiary of NODWIN Gaming, marking a significant step in expanding its reach and capabilities within the Indian gaming and content ecosystem. The acquisition of 100% of the share capital of Trinity will be a combination of secondary sale and stock swap of NODWIN Gaming shares for a total consideration of upto INR 24 Crores. The consideration would be payable partly by way of Cash consideration upto INR 4.8 Crores and balance INR 19.2 Crores by way of swap of equity shares of Nodwin Gaming. As part of this transaction, the founders would become shareholders of NODWIN Gaming and continue to lead the business going forward. Founded in 2019 by entrepreneurial duo Abhishek Aggarwal and Shivam Rao, Trinity Gaming has quickly established itself as a cornerstone in India`s gaming influencer ecosystem. Trinity Gaming is a Creator Service Provider (CSP) for Meta and the only Gaming MCN (Multi-channel Network) for YouTube in Gaming in India, managing over 1,000 creators from across the country, with prominent partnerships with global brands such as Samsung, Realme, iQOO, and Krafton. Trinity`s expertise in content creation, digital marketing, and agency activations makes it a valuable addition to NODWIN Gaming`s portfolio, enhancing its ability to forge impactful partnerships with gaming creators and brands.NODWIN Gaming will expand the portfolio of Trinity to other emerging markets such as Africa, SE Asia, Central Asia and Middle East across existing businesses and verticals of NODWIN Gaming. NODWIN Gaming will also merge its Unpaused Talent business with Trinity and have the founders of Trinity lead it. Powered by Capital Market - Live News

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