Nazara Technologies boosts Nextwave Multimedia stake, extends acquisition to 2026

Nazara Technologies Limited has provided an update on its acquisition of equity shares in Nextwave Multimedia Private Limited. The company has entered into an addendum to the Share Purchase Agreement (SPA) with Nextwave and its founding shareholders, extending the timeline for the acquisition to March 31, 2026. Under the revised terms, Nazara will pay INR 15,00,00,000 as the balance consideration for the remaining 25.12% equity stake in Nextwave.

Additionally, Nazara Technologies has paid INR 4,99,88,060 for the acquisition of 2,791 equity shares of Nextwave. This payment represents an 8.37% increase in Nextwave's equity share capital. Consequently, Nazara's equity holding in Nextwave has risen from 74.88% to 83.25% following this transaction.