Nazara announces acquisition of 35Percentage stake in Brandscale Innovations

22 Apr 2022 , 01:32 AM

The Board of Directors of Nodwin Gaming Nodwin a material subsidiary of Nazara Technologies Nazara at their meeting held on 18 April 2022 has approved the Acquisition of 35Percentage of the paid up share capital of Brandscale Innovations by way of subscription to 567 equity shares having a face value of Rs 100 each of Brandscale Innovations for a total consideration of Rs 100160550 payable in cash Brandscale Innovations deals in the business of trading manufacturing gaming accessories including but not limited to audio headphones and other gaming accessories across computer and mobile The proposal investment is part of Nodwins growth strategy to unlock power of its community and strengthen its D2C revenues