Informative

Nazara Bags Shareholders’ Nod To Fetch 48% Stake In Pokerbaazi’s Parent

Update / Judgement Date

15 Oct 2024

Source

Inc42

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate Law & GovernanceMerger & Acquisition

Nazara Technologies has received shareholder approval to acquire a 48% stake in Baazi Games, the parent company of PokerBaazi. This acquisition is part of Nazara’s strategy to expand its presence in the online gaming sector. The deal is valued at ₹500 crore and will be funded through a combination of cash and equity. Nazara aims to leverage Baazi Games’ expertise in the online poker market to enhance its gaming portfolio and drive growth in the competitive gaming industry.

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Nazara Bags Shareholders’ Nod To Fetch 48% Stake In Pokerbaazi’s Parent

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