Nazara Technologies has announced that it will no longer hold a majority stake in its esports subsidiary, Nodwin Gaming. This decision comes as Nodwin prepares for an internal fundraising aimed at supporting its expansion in the esports and youth media sectors. Nazara has opted out of participating in the upcoming funding round, which will reduce its stake in the company to below 50%, although it will remain Nodwin's largest shareholder.
The move is part of Nodwin’s broader strategy to raise capital from existing shareholders. By stepping back, Nazara is allowing Nodwin to gain more operational independence and greater financial flexibility. To facilitate this process, Nazara’s board has also approved the waiver of certain controlling and restrictive rights, enabling Nodwin to pursue funding without being constrained by its parent company.
In line with the decision to allow Nodwin more autonomy, the board has also approved the desubsidiarisation of the company, pending approval at an Extraordinary General Meeting (EGM) scheduled for August 13, 2025. Once the fundraising is completed, Nodwin will be reclassified as an associate company rather than a fully-owned subsidiary of Nazara.
Nazara Technologies initially acquired a 55% stake in Nodwin Gaming in January 2018 through a combination of cash and stock. Since then, it has provided multiple rounds of funding to support Nodwin’s growth, including an infusion of ₹64 crore ($7.5 million) in December 2024 to help expand its intellectual property and business portfolio in the esports sector.
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Nazara’s decision to reduce its stake in Nodwin mirrors a similar move made by PB Fintech, which recently reduced its stake in PB Healthcare Services from 100% to 26% following a fundraise. However, unlike Nazara, PB Fintech did participate in the funding round, making Nazara's decision to step back a unique development in the Indian startup ecosystem.
On July 17, 2025, Nazara Technologies share price opened at ₹1,398.00 on NSE, above the previous close of ₹1,383.90. During the day, it surged to ₹1,399.00 and dipped to ₹1,381.20. The stock is trading at ₹1,389.00 as of 10:36 AM. The stock registered a marginal change of 0.37%.
Over the past week, it has moved up by 4.12%, over the past month, it has moved up by 6.85%, and over the past 3 months, it has moved up by 43.28%.
Nazara Technologies’ choice to dilute its majority stake in Nodwin Gaming is a strategic shift aimed at providing the esports company with greater operational freedom. This move, paired with the planned fundraise, signals a new phase of growth and expansion for Nodwin, which will now operate more independently under its new classification as an associate company.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
Published on: Jul 17, 2025, 1:00 PM IST
Team Angel One
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