Nodwin Gaming Private Limited, a material subsidiary of Nazara Technologies Limited, has intimated the completion of the acquisition of 10.26% equity stake, on a fully diluted basis, by way of subscription of 4,276 Compulsorily Convertible Preference Shares (CCPS) of Rusk Media Private Limited for an amount aggregating to ~Rs10cr.
With this acquisition, Nodwin is now holding a 10.26% equity stake, on a fully diluted basis, of Rusk Media. Both the companies had entered into an Investment Agreement after Nodwin board had approved the acquisition on December 10, 2021.
At around 10.10 AM, Nazara Technologies Limited was trading at Rs2206.70 per share up Rs6.00 or 0.27% on the BSE.
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