Nazara Tech shares fall 4% on ₹918 crore acquisition plan
after close1 source ↓written by the desknot a recommendation
- Technologies Ltd fell
- 4%
- following the announcement
- 18 March
- acquisition plan
- ₹918 crore
- will initially purchase
- 50%
- $100.3 million
Shares of Nazara Technologies Ltd fell 4% on 18 March following the announcement of its ₹918 crore acquisition plan for stakes in Bluetile and Bestplay. The UK arm will initially purchase 50% for $100.3 million, with performance-linked earn-outs potentially adding ₹898 crore based on future targets. This move may impact investor sentiment in the gaming sector.
Not investment advice. For informational purposes only.