This Nikhil Kamath’s invested company specializing in mobile gaming and interactive entertainment jumped upto 2 percent following the acquisition of shares of Datawrkz Business Solutions Private Limited.
Price action
With a market capitalization of Rs. 7,996.52 crores on Wednesday, the shares of Nazara Technologies Ltd (NSE:NAZA) jumped upto 1.8 percent making a high of Rs. 936.40 per share compared to its previous closing price of Rs. 920.40 per share.
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What Happened
Nazara Technologies Limited engaged in mobile gaming and interactive entertainment has acquired 14,999 equity shares of Datawrkz Business Solutions from collective sellers Karthigha Dhanabalan, Arunprabu K, Mayank Khirwadkar, and Garale Vishal Tukaram, representing 22 percent of the target company’s share capital, for a total consideration of Rs.21 crores.
The company has paid Rs. 12 crores as the first tranche, with the remaining balance to be paid as per the terms of the Investment Agreement. This acquisition increased Nazara’s equity stake in Datawrkz by 55 percent, maintaining its status as a subsidiary.
About the company
Nazara Technologies Limited is a leading Indian gaming and sports media platform, offering mobile gaming, esports, and online gaming services, The company focuses on developing and publishing mobile games across various genres, including casual, sports, and skill-based games. It caters to a wide audience, focusing on both entertainment and engagement.
Segment Revenue
The company’s revenue is primarily derived from three categories: the Gaming segment, which contributed Rs. 114.05 crores in the last quarter, increased to Rs. 154.91 crore in the recent quarter, eSports contributed Rs. 181.76 crores rose to Rs. 232.67 crores, and Ad Tech contributed Rs. 24.13 crores grew to Rs. 147.87 crores in the same period.
Financials
The company’s total revenue rose by 64 percent from Rs. 338.3 crore to Rs. 556.63 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 25.77 crore to Rs. 30.68 crore during the same period.
Written by Sridhar J
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