Nazara Technologies Limited today announced that its material subsidiary, Nodwin Gaming Private Limited, has completed the acquisition of a 92.3% equity stake in AFK Gaming Private Limited. The acquisition follows the Share Purchase Agreement dated December 18, 2024, executed between Nodwin, the founders of AFK Gaming, and other shareholders.

The total transaction is valued at ₹7.58 crore. Of this, ₹4.59 crore was paid in cash, while the remaining ₹2.99 crore was settled through a share swap, with Nodwin issuing equity shares in line with the agreement’s terms.

With the completion of this transaction, AFK Gaming has become a wholly owned subsidiary of Nodwin Gaming and a step-down subsidiary of Nazara Technologies.

The acquisition strengthens Nodwin’s position in the esports and gaming media space, aligning with its strategy to expand content and community engagement platforms globally.

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