Introduction:
Gaming stock has acquired a 60% stake in Funky Monkeys Play Centre Private Limited for ₹28.7 crores, with the transaction completed on February 24, 2025. This acquisition strengthens the company’s position in the play and entertainment sector, aligning with its strategic growth objectives.
Share Price movement of Nazara Technologies :
On February 25, 2025, Nazara Technologies Limited opened at ₹924.75, reaching a high of ₹939.70 and a low of ₹920.00, up 2.35% from its previous close of ₹918.05. Currently, it is trading at ₹925.30, with a market cap of ₹7,911.44 crore.
Nazara Technologies new acquisition:
Nazara Technologies Limited has acquired a 60% stake in Funky Monkeys Play Centre Private Limited, following the allotment of 3,61,773 equity shares for ₹15 crores and the purchase of 6,51,204 shares from existing shareholders for ₹28.7 crores.
The transaction, completed on February 24, 2025, makes Funky Monkeys a subsidiary of Nazara Technologies. With this acquisition, Nazara now holds 60% of Funky Monkeys’ equity share capital, enhancing its presence in the play and entertainment sector.
This acquisition is part of Nazara Technologies’ strategic efforts to expand its portfolio and strengthen its position in the sector. The transaction aligns with the company’s growth objectives and investment strategy.
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Recent news About Nazara Technologies :
In January 2025, Nazara Technologies acquired two mobile games, King of Thieves and CATS: Crash Arena Turbo Stars, from Zeptolab for USD 7.7 million. This acquisition aims to expand the company’s portfolio in the mobile gaming sector.
Ace investor holding of Nazara Technologies:
Estate Of Late Mr. Rakesh Jhunjhunwala holds 6,183,620 shares of Nazara Technologies, representing 7.23% of the company. The investment is valued at ₹572.6 crore, showing consistent confidence in the company’s performance and future prospects.
Nksquared holds 1,750,688 shares of Nazara Technologies, representing 2.05% of the company. The investment is valued at ₹162 crore, reflecting a strategic stake in the company’s growth and success. The holding indicates a long-term positive outlook.
Stock performance of Nazara Technologies for Period of 1 week, 6 months and 1 year:
Nazara Technologies has seen a 1-year return of 18.2%, while it experienced a slight dip of 0.13% over the past week. Over the last 6 months, the stock has faced a decline of 2.49%, showing mixed short-term performance but solid long-term growth.
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Shareholding pattern of Nazara Technologies :
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 9 | 10.05 | 10.05 |
| FII | 11.59 | 9.71 | 6.05 |
| DII | 13.51 | 12.21 | 16.76 |
| Retail & others | 65.9 | 68.03 | 67.13 |
About Nazara Technologies :
Nazara Technologies is a leading gaming and sports media company that operates in multiple markets globally. It focuses on mobile gaming, esports, and interactive entertainment, offering a range of innovative digital products. The company aims to enhance user engagement and expand its reach in the industry.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
