Nazara Technologies Ltd Share Price – NSE /  BSE

Telecomm-Service, Small Cap

Of the total consideration, Rs 4.59 crore would be paid in cash and balance Rs 2.99 crore would be via swap of equity shares of Nodwin. Currently, Nodwin owns 7% stake in AFK.

Post completion of the said acquisition, AFK will become the wholly owned subsidiary of Nodwin and step-down subsidiary of company,” Nazara Tech said in a statement.

It further said that the founders of AFK Gaming will become shareholders of NODWIN Gaming and will join different verticals within NODWIN Gaming while continuing the agency business Max Level and the B2B newsletter Pixel P&L.

AFK Gaming is one of the world’s longest running esports and gaming media companies. Founded in 2012, AFK Gaming has been an integral part of the video games media landscape and has grown into an authoritative source of esports, gaming and youth culture industry content.

Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions.

The company had reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24.

The scrip fell 1.61% to currently trade at Rs 1034.30 on the BSE.

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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 Company

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Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 1046.85, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.72% on the day, quoting at 24159.900390625. The Sensex is at 80069.75, down 0.76%. Nazara Technologies Ltd has added around 12.85% in last one month.

Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 0.2% in last one month and is currently quoting at 1982.1, down 2.05% on the day. The volume in the stock stood at 3.43 lakh shares today, compared to the daily average of 4.14 lakh shares in last one month.

The PE of the stock is 0 based on TTM earnings ending September 24.

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This partnership grants Kiddopia rights to integrate Moonbug’s popular property, Little Angel, into its 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.

The first set of Little Angel-themed games is expected to launch in 2025. The agreement also outlines joint marketing efforts, ensuring a wide-reaching campaign across social media platforms and parenting networks to highlight the collaboration.

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.”

Ed Barton, Vice President of games and interactive at Moonbug Entertainment, added: “Families all over the world have fallen in love with Little Angel’s perfectly-imperfect world. Partnering with Kiddopia allows young fans to interact with the show’s lovable characters and stories with learning at the core.”

Kiddopia is a globally loved, award-winning, subscription-based learning app for kids ages 2-7 years of age. The app covers everything from language to math and problem-solving to creativity, with stunning visuals and intuitive gameplay.

Moonbug is an award-winning global entertainment company inspiring kids everywhere to laugh, learn and grow. The company is behind some of the biggest kids’ entertainment brands in the world including CoComelon and Blippi.

Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions.

Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24.

The scrip declined 0.17% to Rs 1,031 on the BSE.

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