Nazara Technologies’ material subsidiary -- Nodwin Gaming has acquired 5,100 equity shares of Rs 10 each of Rusk Distribution and paid a total consideration of Rs 51,000 to Mayank Yadav and Karanvir Sofat, the existing Shareholders of Rusk Distribution for the same.
Consequently, Nodwin is now holding 51% of the paid up equity share capital of Rusk Distribution. With this acquisition, Rusk Distribution has become subsidiary of Nodwin Gaming and a step down subsidiary of the Company effective from February 28, 2022. The objective of acquisition of Rusk Distribution is to monetization of digital content across all media distribution platforms and brands.
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.
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