This Nikhil Kamath invested company specializes in mobile gaming and interactive entertainment, and offers a wide range of gaming products, including esports, casual gaming, and gamified learning platforms, jumped upto 2 percent on acquiring 92.3 percent of AFK Gaming.

With a market capitalization of Rs. 11,355.07 crores on Wednesday, the shares of Nazara Technologies Limited jumped upto 2.2 percent, making a high of Rs. 1329.30 compared to its previous close of Rs.1300.15.

Nazara Technologies Limited’s subsidiary, Nodwin Gaming Private Limited, has completed the acquisition of 92.30% equity share capital of AFK Gaming Private Limited. The total purchase consideration for the acquisition is Rs.  7.58 Crores, of which Rs. 4.59 Crores was paid in cash and the remaining Rs. 2.99 Crores was settled through the issuance of Nodwin’s equity shares to the sellers, which include the founders of AFK and other shareholders. 

As a result of this transaction, AFK Gaming Private Limited has become a wholly owned subsidiary of Nodwin Gaming and, consequently, a step-down subsidiary of Nazara Technologies Limited. 

Ace Investor Stake

Kamath Associates holds around  15,04,782 shares, which consist of around a 1.62 percent stake in the company as of 16-Jun-25. Along with it, Rekha Jhunjhunwala holds around 27,23,620 shares, which consist of around a 2.94 percent stake in the company as of 16-Jun-25.

Financials & Others

The company’s total revenue rose by 77.33 percent from Rs. 303.9 crore to Rs. 538.91 crore in Q4FY24-25. Meanwhile, Net profit declined from Rs. 8.52 crore to Rs. 6.15 crore during the same period.

The company has a low debt-to-equity ratio of 0.08 and has shown strong financial performance, with an average 3-year revenue growth of 33.92% and an average 3-year net profit growth of 67.05%.

Nazara Technologies Limited is India’s largest listed gaming company and a diversified gaming and sports media platform headquartered in Mumbai. Founded in 1999 by Nitish Mittersain, it has grown from an online gaming portal to a multinational company with offices in Dubai, Africa, and Singapore. 

Nazara operates across multiple segments, including mobile gaming, esports, and adtech, with popular properties like Nodwin Gaming (India’s leading esports company), Nextwave Multimedia (creators of World Cricket Championship), Sportskeeda (a top esports content platform), and Kiddopia (an early learning app). 

The company serves over numerous monthly active users globally and generates significant revenue from both Indian and international markets, combining technology and in-house content to engage a diverse audience worldwide.

Written by Sridhar J

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