Nazara Technologies zooms on acquiring 23.30% stake in OpenPlay Technologies

02 Sep 2021 Evaluate

Nazara Technologies is currently trading at Rs. 1830.90, up by 39.85 points or 2.22% from its previous closing of Rs. 1791.05 on the BSE.

The scrip opened at Rs. 1817.00 and has touched a high and low of Rs. 1846.00 and Rs. 1805.75 respectively. So far 4807 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 4 has touched a 52 week high of Rs. 2026.90 on 30-Mar-2021 and a 52 week low of Rs. 1412.50 on 12-Apr-2021.

Last one week high and low of the scrip stood at Rs. 1846.00 and Rs. 1674.00 respectively. The current market cap of the company is Rs. 5588.10 crore.

The promoters holding in the company stood at 20.70%, while Institutions and Non-Institutions held 12.51% and 66.79% respectively.

Nazara Technologies has acquired 2,330 equity shares of Rs 10 each in OpenPlay Technologies and paid the consideration of Rs 43.43 crore to its existing shareholders i.e. Sreeram Reddy Vanga and Unnati Management Consultants LLP for the same. With this, the acquisition of equity shares under first closing of the Acquisition Agreement is completed and the company now holds 23.30% of the issued and paid up share capital in OpenPlay.  

Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition to and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.

Nazara Technologies Share Price

923.05 14.40 (1.58%)
22-Nov-2024 14:42 View Price Chart
Peers
Company Name CMP
TCS 4217.90
Infosys 1897.50
HCL Tech. 1896.45
Wipro 571.00
Tech Mahindra 1738.45
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.