This Jhunjhunwala backed small-cap stock announces major acquisition news!

As on December 31, 2022, Rekha Rakesh Jhunjhunwala, held 10 per cent stake in the company

On Thursday, shares of Nazara Technologies zoomed more than 2.9 per cent to make an intraday high of Rs 564.70.   

On April 05, 2023, the company announced that the Singapore subsidiary of NODWIN Gaming — the eSports and gaming arm of Nazara Technologies, has acquired 51 per cent stake in the Singapore based full service live media company, Branded.   

With this, the subsidiary of NODWIN Gaming, NODWIN Gaming International PTE, will not only acquire all of Branded’s existing event Ips including ‘All That Matters’, ‘It’s a Girl Thing’ and ‘CreatorWorld’‘, etc, it will also onboard a capable international team led by an industry veteran in Jasper Donat that will focus on growing international sponsorship revenue for all of NODWIN Gaming’s IPs both in India and globally.   

Nazara Technologies is the leading India based diversified gaming and sports media platform with presence in India and across emerging and developed global markets such as Africa and North America and offerings across the interactive gaming, eSports and gamified early learning ecosystems. As on December 31, 2023, Rekha Rakesh Jhunjhunwala, held 10 per cent stake in the company.   

Keep a close eye on this trending stock.