Nazara Technologies Ltd made a big announcement on January 20. The company told the exchange that it has received board approval to raise Rs 495 crore from Exana Estates LLP for business expansion. Through this deal, Nazara Technologies is allocating 50 lakh shares at a price of Rs 990 per share.

What next? AXANA ESTATES, PLUTUS WEALTH, JUNOMONETA FIN have given an open offer. Open offer was given at the price of Rs 990 per share. Open offer was given to buy 26% stake in the company. Let us tell you that Nazara's subsidiary NODWIN Gaming has recently acquired 100% stake in Trinity Gaming.

Which has strengthened the company's position in the Indian esports and youth entertainment sectors. Moonshine Technology Private Limited (PokerBaazi): Nazara has invested Rs 832 crore to buy 47.7% stake in Moonshine Technology, strengthening the company's presence in the online poker segment. What does Nazara Technologies Ltd do- Nazara Technologies Limited is an Indian company that mainly operates in the field of gaming and sports media. Founded in 1999 by Nitish Mitrasen, the company is now India's only listed gaming company and has established itself as a multi-million dollar diversified gaming and sports media platform. Gaming- Nazara develops and publishes a variety of games, including casual games, skill-based games, and sports simulations. Its popular games include World Cricket Championship and CarromClash. eSports:- The company's subsidiary NODWIN Gaming is a pioneer in organizing and managing esports tournaments, promoting the esports community in India and internationally. Gamified Early Learning:- Nazara has developed educational games and apps for children, such as Kiddopia, which make education fun through gaming. Sports Media:- The company provides news and content related to sports and esports through platforms such as Sportskeeda, which is popular among sports lovers. Global Presence:- Nazara Technologies has expanded its business to India as well as several international markets including Africa, the Middle East, Asia Pacific, and the United States.