CCI approves majority stake acquisition in Nazara by Mithun Sacheti’s Axana and others

CCI Approves Majority Stake Acquisition in Nazara by Mithun Sacheti's Axana and Others The Competition Commission of India (CCI) has granted approval for the acquisition of a majority stake in Nazara Technologies, a diversified gaming and sports media company, by Mithun Sacheti's Axana and other investors. This regulatory clearance signifies that the acquisition is not deemed to have an adverse impact on competition in the Indian market. The approval paves the way for a significant change in Nazara's ownership structure, potentially leading to new strategic directions and growth opportunities for the gaming firm.