Nazara Technologies Ltd.NAZARA₹1,326.10 +6.36%

Nazara Technologies UK Ltd, a wholly owned subsidiary of Nazara Technologies Ltd., has completed the acquisition of UK-based Curve Digital Entertainment Ltd (CDEL) for a total consideration of GBP 21.7 million (approximately ₹247 crore). 

As per the agreement, Nazara UK has paid GBP 19.11 million (~₹221 crore) to the seller, Catalis Limited. The remaining amount will be paid as per the terms outlined in the agreement.

With this transaction, CDEL becomes a wholly owned subsidiary of Nazara UK and a step-down subsidiary of Nazara Technologies. In addition, several entities under CDEL, including Kuju Limited, Curve Digital Publishing Limited, Runner Duck Games Limited, Fiddlesticks Games Limited, Curve Games Development One Limited, IronOak Games Inc., and Attack Games Limited, are now also step-down subsidiaries of Nazara.

This acquisition strengthens Nazara’s presence in global gaming and publishing, bringing a portfolio of successful game studios and IPs under its expanding international operations.

Over the last three years, Nazara Technologies has given multibagger returns of more than 120%.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:25 PM.

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