Nazara extends deadline for acquiring remaining Nextwave Multimedia shares

Nazara Technologies Limited has informed the Bombay Stock Exchange and the National Stock Exchange of India about an extension in the timeline for acquiring remaining equity shares of Nextwave Multimedia Private Limited. This disclosure, dated October 1, 2025, is made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The extension pertains to the acquisition of 8,375 equity shares of Rs. 100/- each, representing 25.12% of Nextwave's equity share capital, from its founding shareholders. This acquisition is pursuant to a share purchase agreement dated May 24, 2024, which includes an addendum. The previous disclosure regarding this matter was made on June 19, 2025.

The new deadline for completing this acquisition has been extended to October 31, 2025. This move suggests ongoing strategic adjustments related to Nazara's investment in its subsidiary. The announcement was signed by Arun Bhandari, company secretary & compliance officer of Nazara Technologies Limited.