Nazara Technologies Limited has successfully acquired 14,999 equity shares of Datawrkz Business Solutions Private Limited, amounting to 22% of the company’s share capital. This acquisition raises Nazara’s stake in Datawrkz to 55%, with Datawrkz continuing as a subsidiary of Nazara. The total consideration for the acquisition was ₹21 Crores, with the first tranche of ₹12 Crores already paid. The remaining balance will be paid according to the terms outlined in the investment agreement, with updates to follow in due course.
This strategic move comes as part of Nazara’s ongoing efforts to strengthen its position in the digital and gaming ecosystem. With this acquisition, Nazara aims to bolster its existing business while expanding its capabilities in the growing market of digital advertising.
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