Nazara Technologies Limited acquires 23.30% in OpenPlay

Pursuant to the acquisition agreement dated August 27,2021 executed amongst Nazara Technologies Limited (company), OpenPlay Technologies Private Limited (OpenPlay), Unnati Management Consultants LLP and Sreeram Reddy Vanga ("Sellers") (Acquisition Agreement), the company today has acquired 2,330 equity shares of Rs 10/- each in OpenPlay and paid the consideration of INR 43.43 crores to the respective sellers for the same. With this, the acquisition of equity shares under first closing of the Acquisition Agreement is completed and the Company now holds 23.30% of the issued and paid up share capital in OpenPlay.

Shares of Nazara Technologies Limited was last trading in BSE at Rs. 1794 as compared to the previous close of Rs. 1835.9. The total number of shares traded during the day was 6378 in over 741 trades.

The stock hit an intraday high of Rs. 1835.05 and intraday low of 1780.45. The net turnover during the day was Rs. 11509002.

Source : Equity Bulls

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