Nazara Technologies acquires remaining stake in Absolute Sports

Nazara Technologies Limited (BSE: NAZARA) announced today it has acquired the remaining equity shares of Absolute Sports Private Limited, making it a wholly owned subsidiary. The acquisition involved 18,330 equity shares, representing 8.97% of Absolute's equity share capital, purchased from eligible employees of Absolute for INR 69.17 Crores. This transaction increases Nazara's stake in Absolute Sports from 91.03% to 100%. The acquisition was executed under Share Purchase Agreements (SPAs) dated December 2, 2024, and is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously intimated the exchange about the transaction on February 27, 2025.