Nazara Technologies, a leading player in the gaming and esports industry, saw its shares rise by 4% to ₹1,049 in early trade on September 13, following the announcement of a significant investment. The company invested ₹982 crore into Moonshine Technology, the parent company of PokerBaazi, an online poker platform. This is the largest investment by Nazara to date, and it’s set to boost the company’s presence in the skill-gaming sector, furthering its share market investment appeal.
Nazara's strategic move to strengthen the skill-gaming sector
Nazara Technologies’ latest investment aligns with the company’s long-term vision, as outlined by its founder, Nitish Mittersain, who sees gaming as a key driver of revenue growth. Through this deal, Nazara will initially acquire a 47.7% stake in Moonshine Technology (Baazi Games) for ₹831.5 crore in a secondary transaction. The shares will be purchased from existing stakeholders, including the founder Navkiran Singh and co-founders Puneet Singh, Varun Ganjoo, Avneet Rana, and Anirudh Chaudhry, alongside investors such as Bellerive Capital and Influencers Interactive.
This acquisition is expected to expand Nazara’s position in the online gaming market, which is seeing increased demand for skill-based games. The move will likely capture the interest of those looking for promising share market investment opportunities in the gaming sector.
Nazara’s other recent acquisitions
This development follows Nazara’s recent purchase of a 15.86% stake in Stan, a gaming community startup, for ₹18.4 crore. Stan offers users the opportunity to engage with their favourite gaming creators and celebrities through digital collectables, chat rooms, and exclusive online communities. This acquisition highlights Nazara’s continued focus on strengthening its portfolio by investing in innovative platforms that foster community engagement in gaming.
Stan’s platform allows creators to build and monetise their communities, offering users a unique way to interact with influencers and gaming personalities. This investment in community-based platforms complements Nazara’s core focus on gaming and esports, broadening its market reach and providing more share market investment potential for its investors.
Nazara’s stock performance
At around 9:20 a.m. on September 13, Nazara Technologies’ shares were trading at ₹1,025, reflecting a 2% increase from the previous close. Over the past three months, Nazara’s stock has risen by 17%, making it an attractive option for those exploring share market investment in the growing gaming industry. The recent acquisitions further strengthen the company’s market position, creating long-term value for shareholders.
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