Nazara Technologies Limited has announced a major acquisition through its material subsidiary, Nodwin Gaming Private Limited, which has entered into an agreement to acquire 100% equity share capital of Trinity Gaming India Private Limited for INR 24 crores. This move, disclosed under Regulation 30 of the SEBI Listing Regulations, strengthens Nodwin’s talent management and agency business capabilities, expanding its services across emerging markets.
The acquisition includes INR 4.80 Crores in cash and INR 19.20 Crores in a share swap deal. Post-acquisition, Trinity will become a wholly owned subsidiary of Nodwin, and a step-down subsidiary of Nazara Technologies.
Trinity, founded in 2020, is a leading entity in the gaming and sports entertainment sector. The company has partnered with major platforms like YouTube and Meta (Facebook) to support hundreds of influencers. Its revenue for FY 2023-24 was INR 24.39 Crores. The transaction is expected to be completed within 60 days.
This strategic acquisition further positions Nazara Technologies to enhance its market presence and expand its gaming and entertainment portfolio.
Key Highlights:
- Acquisition of Trinity Gaming by Nodwin Gaming.
- Total Consideration: INR 24 Crores (INR 4.80 Crores in cash, INR 19.20 Crores in share swap).
- Strengthens Nodwin’s position in talent management for gaming and sports entertainment.
- Trinity becomes a wholly owned subsidiary of Nodwin post-acquisition.
