NODWIN Gaming International (Nodwin Gaming), 100%subsidiary of NODWIN Gaming, material subsidiary of Nazara Technologies has signed definitive agreements to acquire 100% ownership in Ninja Global FZCO (Ninja). Ninja has assets in esports and gaming production assets in Turkey and the Middle East. The acquisition of Ninja into NODWIN Gaming`s global emerging market delivery network is poised to enhance the company`s existing capabilities to offer solutions to publishers and brands in the Middle East and the Turkey region. This acquisition, which comes on the heels ofacquisition of Games Marketing Services company PublishMe in October, solidifies its presence in the rapidly expanding Middle East and Turkish markets.With this acquisition Nodwin Gaming has added key multi-language skills making Nodwin Gaming as a cost competitive global delivery and production platform for gaming & esports, capable of delivering world-class experiences across Asia, Middle-East, Turkey, Central Asia,Europe & USA.This acquisition also readies Nodwin Gaming to expand to Central Asia, where the mobile games market is experiencing rapid growth, across multiplayer and strategy games, driven by tech-savvy youth population.Powered by Capital Market - Live News

Net profit of Nazara Technologies rose 57.04% to Rs 25.77 crore in the quarter ended December 2023 as against Rs 16.41 crore during the previous quarter ended December 2022. Sales rose 1.77% to Rs 320.40 crore in the quarter ended December 2023 as against Rs 314.83 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales320.40314.83 2 OPM %11.349.53 - PBDT52.1941.03 27 PBT36.9926.11 42 NP25.7716.41 57 Powered by Capital Market - Live News

Net profit of Nazara Technologies rose 160.36% to Rs 5.78 crore in the quarter ended December 2023 as against Rs 2.22 crore during the previous quarter ended December 2022. Sales declined 10.03% to Rs 5.20 crore in the quarter ended December 2023 as against Rs 5.78 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales5.205.78 -10 OPM %-101.73-64.71 - PBDT7.293.12 134 PBT6.612.42 173 NP5.782.22 160 Powered by Capital Market - Live News

Nazara Technologies will hold a meeting of the Board of Directors of the Company on 6 February 2024.Powered by Capital Market - Live News

NODWIN Gaming International (NODWIN), a fully-owned subsidiary of India`s premier gaming and esports company, NODWIN Gaming, today announced an investment of Eur 8 million in Freaks 4U Gaming GmbH, a global full-service gaming and esports company, marking a significant financial endorsement in the global gaming industry. With its convertible loan agreement of 3.6 million Euro initiated on 27 December 2023 now converted into equity, NODWIN has acquired additional shares of Freaks 4U Gaming with a contribution of 4.4 million Euro. The total investment of NODWIN in Freaks 4U Gaming stands at 8 million Euro for a 13.51% stake in the company. NODWIN also has the option to acquire majority control in the future by swapping equity of Freaks 4U Gaming investors and founders with NODWIN shares.As part of this agreement, NODWIN and Freaks 4U Gaming will exclusively start utilizing resources in each other`s key territories such as personnel, equipment and facilities. NODWIN will get access to the Freaks 4U Gaming network across the developed markets, the PC ecosystem and the full-service capabilities they have. Freaks 4U Gaming in turn will get access to NODWIN `s emerging market network, facility capabilities in the mobile esports and youth culture ecosystems. NODWIN will appoint Niels Wolter to the Freaks 4U Gaming advisory board to consult on strategy, operations and integration, ensuring the synergy benefits identified by NODWIN and Freaks 4U Gaming are realized in a timely manner. Powered by Capital Market - Live News