NODWIN To Raise Funding, Will No Longer Be Nazara Subsidiary

Nodwin Gaming is set to raise funding and will no longer be a subsidiary of Nazara Technologies. Nazara's shareholding in Nodwin will reduce from 51.52% to 49.6%, ending its majority control. This strategic move allows Nodwin to independently raise capital 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.