Nazara Technologies informed the exchange that pursuant to the Share Purchase and Share Subscription Agreement (“Agreement”) dated May 18, 2023 executed amongst the Company, Nodwin Gaming Private Limited (“Nodwin”), a material subsidiary of the Company, Sony Group Corporation, KRAFTON Inc., Jetsynthesys Private Limited, Innopark (India) Private Limited, Good Game Investment Trust, and Akshat Rathee and Gautam Virk as referred to in our above-mentioned communication, we wish to inform you that the Company has acquired 375 Equity shares of face value Rs. 10/- each of Nodwin, (a) by way of subscription of 158 Equity Shares of Rs. 10/- each at a consideration amounting up to Rs. 25,30,95,618/- (Rupees TwentyFive Crores Thirty Lakhs Ninety-Five Thousand Six Hundred and Eighteen Only); and (b) by way of purchase of 217 Equity Shares of Rs. 10/- each, from its existing shareholders (i.e. Good Game Investment Trust and Jet Synthesis Private Limited) at a consideration amounting to Rs. 34,76,06,007/- (Rupees Thirty-Four Crores Seventy-Six Lakhs and Six Thousand Seven Only).
With this, the acquisition of equity shares under the Agreement is completed and the Company now holds 52.71% of the issued and paid up share capital of Nodwin, on non-dilutive basis.