Of the total consideration, Rs 4.59 crore would be paid in cash and balance Rs 2.99 crore would be via swap of equity shares of Nodwin. Currently, Nodwin owns 7% stake in AFK. Post completion of the said acquisition, AFK will become the wholly owned subsidiary of Nodwin and step-down subsidiary of company,' Nazara Tech said in a statement. It further said that the founders of AFK Gaming will become shareholders of NODWIN Gaming and will join different verticals within NODWIN Gaming while continuing the agency business Max Level and the B2B newsletter Pixel P&L. AFK Gaming is one of the world's longest running esports and gaming media companies. Founded in 2012, AFK Gaming has been an integral part of the video games media landscape and has grown into an authoritative source of esports, gaming and youth culture industry content. Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. The company had reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. The scrip fell 1.61% to currently trade at Rs 1034.30 on the BSE. Powered by Capital Market - Live

Nodwin Gaming (Nodwin), a material subsidiary of  Nazara Technologies , has on 18 December 2024, signed Share Purchase Agreement with AFK Gaming (AFK), Nishant Patel, Rakesh Ramchandran and Siddharth Nayyar (the Founders of AFK) and the other shareholders for the purpose of secondary acquisition of 92.30% of the equity share capital, of AFK from the sellers for an aggregate consideration of Rs 7.58 crore, payable by the Nodwin a) partly by way of Cash consideration of Rs 4.59 crore and b) balance Rs 2.99 crore by way of swap of equity shares of Nodwin, in accordance with the Companies Act, 2013 and other applicable laws and such other regulatory/ statutory approvals as may be required. Post completion of the said acquisition, AFK will become the wholly owned subsidiary of Nodwin and step-down subsidiary of CompanyPowered by Capital Market - Live

Nazara Technologies Ltd rose for a third straight session today. The stock is quoting at Rs 1046.85, up 1.33% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.72% on the day, quoting at 24159.900390625. The Sensex is at 80069.75, down 0.76%. Nazara Technologies Ltd has added around 12.85% in last one month. Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has added around 0.2% in last one month and is currently quoting at 1982.1, down 2.05% on the day. The volume in the stock stood at 3.43 lakh shares today, compared to the daily average of 4.14 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending September 24.Powered by Capital Market - Live

This partnership grants Kiddopia rights to integrate Moonbug's popular property, Little Angel, into its edutainment platform. This strategic collaboration aligns with Kiddopia's commitment to delivering high-quality, educational content for children aged 2'7 years. With the addition of Little Angel characters and storylines, Kiddopia will develop a series of interactive activities and games designed to enhance engagement while fostering learning in a fun and creative environment. The first set of Little Angel-themed games is expected to launch in 2025. The agreement also outlines joint marketing efforts, ensuring a wide-reaching campaign across social media platforms and parenting networks to highlight the collaboration. Dhaval Sheth, COO and CFO of Kiddopia, said: 'This partnership with Moonbug Entertainment is a significant step in enriching Kiddopia's offering. By integrating globally beloved IP, we aim to deliver even more engaging and educational experiences for young learners worldwide.' Ed Barton, Vice President of games and interactive at Moonbug Entertainment, added: 'Families all over the world have fallen in love with Little Angel's perfectly-imperfect world. Partnering with Kiddopia allows young fans to interact with the show's lovable characters and stories with learning at the core.' Kiddopia is a globally loved, award-winning, subscription-based learning app for kids ages 2-7 years of age. The app covers everything from language to math and problem-solving to creativity, with stunning visuals and intuitive gameplay. Moonbug is an award-winning global entertainment company inspiring kids everywhere to laugh, learn and grow. The company is behind some of the biggest kids' entertainment brands in the world including CoComelon and Blippi. Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. The scrip declined 0.17% to Rs 1,031 on the BSE.Powered by Capital Market - Live

Paper Boat Apps (the creators of Kiddopia app), a Nazara Group Company, announced a new licensing agreement with Moonbug Entertainment, global leader in children's entertainment and a part of Candle Media. This partnership grants Kiddopia rights to integrate Moonbug's popular property, Little Angel, into its award-winning edutainment platform. This strategic collaboration aligns with Kiddopia's commitment to delivering high-quality, educational content for children aged 2-7 years. With the addition of Little Angel characters and storylines, Kiddopia will develop a series of interactive activities and games designed to enhance engagement while fostering learning in a fun and creative environment. Speaking on the partnership, Dhaval Sheth, COO and CFO of Kiddopia, said: 'This partnership with Moonbug Entertainment is a significant step in enriching Kiddopia's offering. By integrating globally beloved IP, we aim to deliver even more engaging and educational experiences for young learners worldwide.' Powered by Capital Market - Live

Nazara Technologies Ltd is up for a fifth straight session today. The stock is quoting at Rs 1042.25, up 1.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 24710.8. The Sensex is at 81821.37, up 0.07%. Nazara Technologies Ltd has gained around 11.44% in last one month. Meanwhile, Nifty Media index of which Nazara Technologies Ltd is a constituent, has gained around 3.84% in last one month and is currently quoting at 2083.95, down 0.21% on the day. The volume in the stock stood at 2.58 lakh shares today, compared to the daily average of 4.67 lakh shares in last one month.The PE of the stock is 0 based on TTM earnings ending September 24.Powered by Capital Market - Live

Nazara and Lysto have signed a Letter of Intent to launch The Growth Protocol, an L1 infrastructure layer, purpose-built for digital marketing and growth applications on the blockchain. The Growth Protocol is a purpose-built L1 blockchain and a collaboration between Nazara Technologies FZ LLE, a 100% owned subsidiary of Nazara Techologies that is India's only publicly listed gaming company, and Lysto, the gaming world's one-stop shop funded by leading VCs like Hashed, SquarePeg, Tiger Global, Distributed Global, Beenext, and prominent angels like Balaji Srinivasan, Sandeep Nailwal, Jaynti Kanani, Bobby Ong, and T.M. Lee. Designed to revolutionize the digital marketing landscape, The Growth Protocol aims to bring greater transparency, equity, and monetary benefits to all participants in the Web3 marketing ecosystem. By leveraging blockchain technology, the protocol empowers users through decentralization to take control of their digital identities and participate in decentralized, trustless interactions. The Growth Protocol makes its public debut at India Blockchain Week, a significant event for the Web3 community globally. Alongside a private testnet launch, the team released a proof-of-concept loyalty dApp for game marketing, showcasing the practical application of Web3 technology in the gaming industry.Powered by Capital Market - Live

Nazara has expanded into physical entertainment with the acquisition of a 60% stake in Funky Monkeys Play Centers Private, a leader in indoor soft play centers for children, for Rs 43.7 crore. Funky Monkeys operates 11 centers across India, offering interactive play experiences for children. The company will also invest Rs 4.2 crore for a 4.7% stake in Learntube.ai, an AI-powered platform revolutionizing education with 1:1 interactive and gamified learning. Catering to over 20 lakh learners, LearnTube is the world largest personalised learning platform that offers affordable, interactive gamified learning experiences for professional skilling. Nazara will invest Rs 148 crore in its existing subsidiaries including Sportskeeda, Nodwin Gaming, and Datawrkz to increase its ownership in them and support their growth. Nitish Mittersain said: 'Nazara is committed to building the largest diversified gaming and entertainment platform out of India and many of our initiatives announced today are geared towards propelling profitable growth in these strategic areas of our interest.' Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24.Powered by Capital Market - Live

Nazara Technologies has unveiled a series of strategic investments aimed at solidifying its position in the gaming and entertainment ecosystems. Nazara has announced new Investments in Funky Monkeys & Learntube.ai Nazara has expanded into physical entertainment with the acquisition of a 60% stake in Funky Monkeys Play Centers Private Limited, a leader in indoor soft play centers for children, for Rs 43.7 crore. Funky Monkeys operates 11 centers across India, offering interactive play experiences for children. Nazara will also invest Rs 4.2 crore for a 4.7% stake in Learntube.ai, an AI-powered platform revolutionizing education with 1:1 interactive and gamified learning. Catering to over 20 lakh learners, LearnTube is the world largest personalised learning platform that offers affordable, interactive gamified learning experiences for professional skilling. Nazara has Increased its shareholding of existing companies Nazara will invest Rs 148 crore in its existing subsidiaries including Sportskeeda, Nodwin Gaming, and Datawrkz to increase its ownership in them and support their growth. ' Nodwin Gaming: Nazara will invest Rs 64 crore through subscription of Optionally Convertible Preference Shares to bolster Nodwin's growth. The funds will support Nodwins expansion, enhance its intellectual properties (IPs), and strengthen its footprint in emerging markets. ' Absolute Sports (Sportskeeda): Nazara will invest Rs 69 crore to purchase shares arising from exercise of ESOPs from the Sportskeeda management to increase its stake to 100% in the company making it a wholly owned subsidiary. ' Datawrkz: Nazara granted in-principle approval for an investment of Rs 15 crore in Datawrkz through the subscription of Compulsorily Convertible Cumulative Preference Shares to support ongoing growth of Datawrkz. Powered by Capital Market - Live

Trinity is a company incorporated in India on 14, February 2020 and it is engaged in the gaming & sports entertainment business. Trinity leads with gaming talent to help build unique experiences for brands. Trinity's platform partnership with Youtube as an MCN and with Meta (Facebook) as a CSP allows it to support 100s of influencers and create better impact and revenue on popular platforms. The company posted a turnover of Rs 24.39 crore in FY24. According to the regulatory filing, NODWIN Gaming has entered into a share purchase agreement with Trinity's founders, Abhishek Aggarwal and Shivam Rao, to acquire 100% of the equity share capital of Trinity Gaming India. The total consideration for the acquisition is Rs 24 crore, which will be paid partly in cash up to Rs 4.80 crore and the balance of Rs 19.20 crore through an equity share swap. The acquisition is expected to be completed within 60 days. After the completion of acquisition, Trinity Gaming will become a wholly owned subsidiary of NODWIN Gaming and a step-down subsidiary of Nazara Technologies. The transaction is not considered a related party transaction and the company's promoters or group companies do not have any interest in Trinity. With this acquisition, NODWIN Gaming strengthens its talent management and agency business capabilities. It is able to serve its brand and publisher customers with curated talent based services, giving it a larger share of wallet of the customer marketing spends. It will expand these offerings to all of NODWIN Gaming's emerging markets reach. Akshat Rathee, Co-Founder of NODWIN Gaming, commented, 'Trinity Gaming has been a long-time partner and ally in the gaming ecosystem, and we've shared a strong relationship with Abhishek, Shivam, and their incredible team over the years. We are thrilled to welcome Trinity Gaming into the NODWIN Gaming family. Trinity's deep understanding of India's gaming creator ecosystem, coupled with their expertise in brand partnerships, agency activations, content creation, and community engagement, will be pivotal in further strengthening our footprint in the region. This acquisition allows us to offer more holistic solutions to our partners, from content creation to marketing services, while continuing to build a thriving gaming ecosystem in India.' Abhishek Aggarwal, Co-Founder of Trinity Gaming, stated: 'Joining forces with NODWIN Gaming is a momentous step for us. The synergy between our teams will accelerate our vision of creating unmatched opportunities for content creators in India, expanding the gaming ecosystem while helping brands connect more deeply with this highly engaged audience. We are excited about the future and the immense growth that lies ahead.' Shivam Rao, Co-Founder of Trinity Gaming, added: 'With NODWIN Gaming's unparalleled expertise in esports and global reach, coupled with our focus on creators and brand partnerships, we are poised to deliver innovative and compelling solutions for the gaming community in India. This acquisition marks the beginning of a new era of opportunities for creators, and brands alike.' Nazara Technologies is India's leading gaming and esports company, owning popular brands like NODWIN Gaming, Sportskeeda, Kiddopia, Animal Jam, World Cricket Championship, and Datawrkz. The company operates in India, the US, and other global markets, offering a diverse range of products and services, including esports, early learning games, casual games, and ad tech solutions. Nazara Technologies reported a 47.56% decline in consolidated net profit from continuing operations to Rs 11.80 crore despite 7.3% increase in revenue from operations to Rs 318.94 crore in Q2 FY25 over Q2 FY24. The scrip slipped 1.76% to Rs 1,002.90 on the BSE. Powered by Capital Market - Live