Nazara Tech shares fall 4% on ₹918 crore acquisition plan
pre-market1 source ↓written by the desknot a recommendation
- Technologies Ltd fell
- 4%
- after announcing plans
- 18 March
- in Bluetile
- 50% stake
- and Bestplay
- $100.3 million (₹918 crore)
- based on future
- $98.2 million (₹898 crore)
Shares of Nazara Technologies Ltd fell 4% on 18 March after announcing plans to acquire a 50% stake in Bluetile and Bestplay for $100.3 million (₹918 crore). The deal includes performance-linked earn-outs of up to $98.2 million (₹898 crore) based on future targets. This acquisition may impact investor sentiment in the near term.
Not investment advice. For informational purposes only.