Nodwin Gaming (Nodwin), a material subsidiary of  Nazara Technologies has extended a guarantee for an amount not exceeding of EUR 1,560,000 (Rs 14.73 crore), in favour of Co-Investor FRE GmbH & Co. KG (the Lender), on behalf of Freaks 4U Gaming GmbH (the Borrower), a step down subsidiary of Nodwin and the Company, for securing a loan, in one or more tranches, for business purposes such as working capital requirements, expansion plans, etc., subject to compliance with the applicable laws.Powered by Capital Market - Live News

Net profit of Nazara Technologies rose 19.05% to Rs 30.68 crore in the quarter ended December 2024 as against Rs 25.77 crore during the previous quarter ended December 2023. Sales rose 66.88% to Rs 534.69 crore in the quarter ended December 2024 as against Rs 320.40 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales534.69320.40 67 OPM %6.8711.34 - PBDT55.8452.19 7 PBT25.3236.99 -32 NP30.6825.77 19 Powered by Capital Market - Live News

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 13 February 2025.Powered by Capital Market - Live News

Paper Boat Apps, the creators of the Kiddopia app and a 100% subsidiary of Nazara Technologies announced the addition of Mattel Inc.`s iconic Barbie brand to Kiddopia. The integration featuring Barbie-themed games, is set to launch later this year. The collaboration will bring Barbie to Kiddopia`s educational platform, designed to nurture creativity, problem-solving, and learning among young users. This addition will enhance Kiddopia`s mission of blending fun with education while offering exciting new games that entertain and promote learning. Dhaval Sheth, COO of Kiddopia, commented, �Barbie`s global recognition and empowering messaging align perfectly with our mission to inspire imagination, foster creativity, and provide an engaging learning experience for young children. This partnership will offer an exciting new way for kids to learn and play, combining the fun of Barbie with Kiddopia`s educational ecosystem.�Powered by Capital Market - Live News

NODWIN Gaming, a material subsidiary of Nazara Technologies, today announced the acquisition of Starladder, a leading esports IP and services Company in a deal valued at an initial consideration of USD 5.5 million (Rs 46.75 crore). Additional consideration is payable on meeting the earn-out targets. This acquisition will see StarLadder become a fully owned subsidiary of NODWIN Gaming Pte (Singapore), marking a significant step in expanding its AAA IP and event production portfolio worldwide. The acquisition of 100% of the share capital of StarLadder will be a combination of secondary sale and stock swap of NODWIN Gaming shares for an initial consideration of upto USD 5.5 million (Rs 46.75 crore). The initial consideration would be payable partly by way of Cash consideration upto USD 2 million (Rs 17 crore) and balance USD3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming. As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming and continue to lead the business going forward.Powered by Capital Market - Live News