Nazara To Acquire 15.9% Stake In Gaming Community Platform STAN For INR 18.4 Cr

Nazara To Acquire 15.9% Stake In Gaming Community Platform STAN For INR 18.4 Cr

SUMMARY

Nazara has signed a share purchase agreement to acquire the stake in STAN through its wholly owned subsidiary Nazara Dubai FZ via a secondary transaction from Akshat Rathee and Gautam Singh Virk

It is pertinent to note that Rathee is the cofounder and managing director of Nazara’s subsidiary Nodwin Gaming, while Virk is the cofounder and chief operating officer of Nodwin

The transaction is expected to be completed in a month

Listed gaming major Nazara Technologies is acquiring a 15.86% stake in gaming community platform GetStan Technologies Pte. Ltd (STAN) for INR 18.4 Cr (around $2.2 Mn). 

Nazara has signed a share purchase agreement to acquire the stake in STAN through its wholly owned subsidiary Nazara Dubai FZ via a secondary transaction from Akshat Rathee and Gautam Singh Virk.

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