Nazara subsidiary to fully acquire Freaks 4U Gaming in deal worth Rs 271 cr

Quick Summary:

"NODWIN Gaming International Pte has signed definitive agreements to increase its existing 13.51 per cent stake in Freaks 4U Gaming GmbH to 100 per cent in tranches through a share swap valued at up to Rs 271 crore (Euro 30.3 million)," the company said in a statement.

E-sports and gaming company NODWIN will enhance its stake to 100 per cent in its European peer Freaks 4U in a share swap deal valued at around Rs 271 crore, the company said on Friday.

NODWIN will initially increase its existing stake in Freaks 4U to 57 per cent.

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Category: BusinessFinance

Markets: IndiaSingapore

Topics: Mumbai E-sports Europe PUBG

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 19:33:11 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 12 lines

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Copyright Owner: © Business Standard

News ID: 21410139

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