Nazara Technologies to raise Rs 900 Cr, increase stake in Sportskeeda

Quick Summary:

Nazara will acquire an additional 19.35% stake in Absolute Sports Private Limited, a subsidiary of Nazara that owns the popular sports platform, Sportskeeda.

The company also informed the exchanges that Independent Director Kuldeep Jain has resigned due to other professional commitments.

This acquisition will be partially paid in cash (Rs 72.73 crore) and through a share swap of Nazara’s equity shares (Rs 72.73 crore).

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Company Stake Equity Privacy Policy Issue Crore Absolute Sports Nazara Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 12:05:59 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 371 words

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Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

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News ID: 22578006

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