Nazara ends majority control in Nodwin ahead of internal fundraise

Nazara Technologies has ended its majority control in Nodwin Gaming ahead of Nodwin's internal fundraise. Nazara's shareholding in Nodwin will reduce from 51.52% to 49.6%. This strategic move allows Nodwin to raise capital independently and pursue its growth objectives in the esports and gaming sector. By reducing its stake, Nazara aims to unlock value and provide Nodwin with greater flexibility, while still retaining a significant, albeit non-controlling, interest in the promising esports venture.