Nazara Technologies Acquired 35.07% Stake in Moonshine Technology

Nazara Technologies has consistently been at the forefront of the Indian gaming revolution, boasting an impressive array of offerings across eSports, interactive gaming, and gamified learning. The strategic investment in Moonshine Technology is yet another testament to Nazara’s commitment to driving innovation and delivering unparalleled experiences to its user base.

Acquired Stake in Moonshine Technology

Nazara Technologies, a prominent name in India’s gaming and sports media industry, is poised to make a significant move by acquiring a substantial stake in Moonshine Technology Private Limited. This acquisition will see Nazara securing over 35.07% of Moonshine’s equity for a sum of ₹820 crore. The strategic move aims to bolster Nazara’s foothold in the gaming sector and unlock lucrative growth opportunities.

Nazara Technologies Financial Structure 

The financial structure of the deal entails a blend of equity and cash. Specifically, the transaction involves ₹20 crore in equity shares and a sizeable ₹800 crore in cash. Notably, this acquisition will be executed in two tranches, underscoring a phased approach to integrating Moonshine’s assets into Nazara’s operations.

About Moonshine Technology

Moonshine Technology, a thriving player in the skill-based real-money gaming (RMG) domain, is widely recognised for its flagship brand, “Data Baazi.” With its innovative offerings and robust market presence, Moonshine has carved out a niche in the burgeoning RMG sector, making it an attractive proposition for Nazara Technologies.

The real-money gaming industry has been experiencing exponential growth in India, propelled by increasing smartphone penetration, affordable data plans, and a growing appetite for interactive entertainment. 

Share Price Performance 

Nazara Technologies Ltd. shares were trading at ₹981.00 per share on the NSE at 2:44 PM.

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