Nazara Technologies Limited has completed a significant investment in its material subsidiary, Nodwin Gaming Private Limited. The company has infused INR 63.98 crore by subsc
ribing to 3,454 optionally convertible preference shares of INR 1 each. This move, as part of the Securities Subscription Agreement (SSA) executed on December 2, 2024, underscores Nazara’s commitment to expanding Nodwin’s operations and enhancing its gaming portfolio.
The fund infusion, announced on December 28, 2024, strengthens the financial position of Nodwin Gaming, a key player in the esports and gaming sector. The investment is expected to boost Nodwin’s growth and further its strategic initiatives within India and internationally, in markets like the Middle East, Africa, and Europe.
This development aligns with Nazara Technologies’ ongoing efforts to support its subsidiaries and foster the growth of gaming and esports platforms, ultimately contributing to its vision of global expansion.
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