Kiddopia lends Rs 75 Cr to Nazara UK

Quick Summary:

As per the agreement, Nazara UK will use the funds for business purposes and repayment of its existing loans.

Last month, the gaming and sports media company was set to raise approximately Rs 900 crore through a preferential issue of equity shares and acquire an additional 19.35% stake in Absolute Sports Private Limited—the gaming company's subsidiary which owns the popular sports platform, Sportskeeda.

Nazara Technologies Ltd owns both Nazara UK and Paper Boat Apps.

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Article Details

Author / Journalist: Abha Warrier

Category: StartupsEconomyBusiness

Markets: India

Topics: Shares Crore Kiddopia Equity Issue Technologies Privacy Nazara Agreement Policy Subsidiary

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 06:47:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 231 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23212640

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About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 2 posts per day

Year Established: 2008

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News Last Updated: 8 hours ago

Coverage Areas: India

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