Nazara Technologies Ltd. has bought the remaining 8.97% of Absolute Sports Pvt. Ltd. for ₹69.17 crore, increasing its stake from 91.03% to 100%. This makes Absolute Sports a fully owned subsidiary of Nazara.
As of March 19, 1:18 PM, Nazara’s stock is priced at ₹948.90, up ₹12.45 (1.33%) today, but down 8.10% in the last 6 months and up 40.69% in the past year.
Transaction Details
Nazara bought 18,330 shares of Absolute Sports from its eligible employees with each share valued at ₹1. This deal was made under the Share Purchase Agreement (SPA) signed on December 2 2024.
Impact of the Acquisition
With this purchase, Nazara now fully owns Absolute Sports, giving it complete control over the company’s operations, finances and decisions. This acquisition is part of Nazara’s plan to simplify its business structure.
Filing and Compliance
It notified the stock exchanges about the acquisition as required by SEBI regulations. They had previously informed the exchanges about the agreement on February 27 2025.
With this acquisition it now fully owns Absolute Sports and has complete control over its decisions. The company has followed all necessary rules and informed its stakeholders about the transaction.
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Absolute Sports
Absolute Sports is a media company that runs Sportskeeda, a website covering sports, esports, and gaming. It provides news, analysis and opinions on both global and local sports events.
Nazara Technologies
Nazara Technologies operates in regions like India, the Middle East, Africa, and Europe. The company invests in gaming, esports, and interactive entertainment.
