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📊 Last 7 days — analysed filings by sentiment
Note: These are AI-generated, educational summaries of public NSE
filings — grounded in each document, but not investment advice and possibly incomplete.
Verify against the original filing and consult a SEBI-registered adviser before acting.
57 announcements match the current filters (relevance ≥ 5).
Nazara Technologies Acquires Remaining 12.56% Stake in Next Wave for INR 7.5 Crore
Nazara Technologies has successfully completed the acquisition of the remaining 12.56% stake in its subsidiary, Next Wave Multimedia Private Limited. The company acquired 4,188 equity shares for a total consideration of INR 7.50 crore from the founding shareholders. With this transaction, Nazara's ownership in Next Wave has increased from 87.44% to 100%. Next Wave, known for the popular World Cricket Championship (WCC) franchise, is now a wholly-owned subsidiary of Nazara.
Key Highlights
Acquired 4,188 equity shares representing a 12.56% stake in Next Wave Multimedia.
Total cash consideration paid for the acquisition is INR 7,50,08,955.
Nazara's equity shareholding in Next Wave increased from 87.44% to 100%.
Next Wave Multimedia has officially become a wholly-owned subsidiary of the company.
The acquisition was executed pursuant to a Share Purchase Agreement dated May 24, 2024.
👀 What to Watch
Investors should view this as a positive consolidation move that gives Nazara full control over a key gaming asset. No immediate action is required as this completes a previously disclosed acquisition plan.
Nazara Technologies Acquires Remaining 12.56% Stake in Next Wave for ₹7.5 Crore
Nazara Technologies has completed the acquisition of the remaining 12.56% stake in its subsidiary, Next Wave Multimedia Private Limited. The company acquired 4,188 equity shares for a total consideration of INR 7.50 crore from the founding shareholders. Following this transaction, Nazara's ownership has increased from 87.44% to 100%, making Next Wave a wholly-owned subsidiary. This move consolidates Nazara's control over the popular 'World Cricket Championship' (WCC) mobile gaming franchise.
Key Highlights
Acquired 4,188 equity shares representing a 12.56% stake in Next Wave Multimedia
Total cash consideration paid for the additional stake is INR 7,50,08,955
Nazara's total ownership in the subsidiary increased from 87.44% to 100%
Next Wave Multimedia is now a wholly-owned subsidiary of Nazara Technologies
👀 What to Watch
Investors should view this as a positive consolidation of a key intellectual property asset, which simplifies the corporate structure and allows full accrual of profits from the WCC franchise. No immediate action is required, but it strengthens the company's core gaming portfolio.
Nazara Technologies to Raise INR 500 Crores via Preferential Issue of Warrants
Nazara Technologies has announced a significant fundraise of INR 500 crores through a preferential issue of warrants to institutional investors and the promoter group. The warrants are priced at INR 260 per share, which the company states is at a premium to the current market price, signaling strong investor confidence. The proceeds are primarily earmarked for strategic acquisitions, specifically the Bluetile and BestPlay transactions, and to scale AI-enabled gaming businesses. Participation from the promoter group, Plutus Investment and Holding, reinforces long-term alignment with the company's growth trajectory.
Key Highlights
Raising INR 500 crores through preferential issuance of warrants convertible to equity.
Issue price fixed at INR 260 per share, representing a premium to the market price.
Promoter group and FPIs like Riambel Capital PCC are among the key participants.
Capital to fund strategic acquisitions including Bluetile and BestPlay transactions.
Focus on accelerating growth in existing verticals and building AI-enabled gaming platforms.
👀 What to Watch
Investors should view the promoter participation and premium pricing as a strong vote of confidence in the company's M&A-led growth strategy. Monitor the successful integration of the Bluetile and BestPlay acquisitions as key performance triggers.
Nazara Technologies to Raise ₹500 Crore via Preferential Issue of Warrants at ₹260 Each
Nazara Technologies has approved a significant fundraise of ₹500.01 crore through the issuance of 1.92 crore convertible warrants to five identified investors. The warrants are priced at ₹260 per unit, which includes a premium of ₹258, and are convertible into equity shares within 18 months. The company also approved an unsecured loan of up to ₹4 crore to its wholly-owned subsidiary, Smaaash Entertainment, to support its operations. An Extra-Ordinary General Meeting (EGM) is scheduled for April 30, 2026, to obtain shareholder approval for this capital infusion.
Key Highlights
Issuance of 1,92,31,000 convertible warrants at ₹260 per warrant, totaling ₹500,00,60,000.
Major investor Riambel Capital PCC-RCC1 to hold 4.06% post-conversion, up from 1.72%.
Warrants are convertible into equity shares of face value ₹2 within a period of 18 months.
Approval of a ₹4 crore unsecured loan to wholly-owned subsidiary Smaaash Entertainment Private Limited.
Shareholder approval for the preferential issue to be sought at an EGM on April 30, 2026.
👀 What to Watch
Investors should view this as a positive signal for growth capital, likely to be used for future acquisitions or expansion. Monitor the conversion price of ₹260 against the current market price to assess the immediate valuation impact.
Nazara Technologies to Raise ₹500 Crore via Preferential Issue of Warrants at ₹260 Each
Nazara Technologies has approved a significant fundraise of approximately ₹500.01 crore through the issuance of 1.92 crore convertible warrants on a preferential basis. The warrants are priced at ₹260 per unit and are convertible into equity shares within an 18-month period. Five investors are participating, with Riambel Capital PCC-RCC1 being the largest subscriber, set to increase its stake to 4.06% post-conversion. Additionally, the board approved a ₹4 crore unsecured loan to its wholly-owned subsidiary, Smaaash Entertainment, to support its operations.
Key Highlights
Approved issuance of 1,92,31,000 convertible warrants at ₹260 per warrant, aggregating to ₹500.01 crore.
Warrants are convertible into equity shares of face value ₹2 each within a maximum tenure of 18 months.
Major participants include Riambel Capital (94.85 lakh warrants) and S Gupta Family Investments (40 lakh warrants).
Post-conversion of all warrants, the identified investor group will hold a 6.57% stake in the company.
Sanctioned an unsecured loan of up to ₹4 crore for wholly-owned subsidiary Smaaash Entertainment Private Limited.
👀 What to Watch
Investors should view this as a positive signal for growth capital, though they should monitor the upcoming EGM on April 30 for final approval. The ₹260 issue price provides a medium-term valuation benchmark for the stock.
Nazara Schedules Investor Call for March 19 to Discuss Bluetile and Bestplay Acquisitions
Nazara Technologies has announced an analyst and investor conference call scheduled for March 19, 2026, at 12:00 PM IST. The primary purpose of the call is to provide an update on the acquisition of two entities: Bluetile Games S.L. and Bestplay Systems S.L. The meeting will feature top leadership, including Nazara's CEO Nitish Mittersain and Bluetile's CEO Raymond Stauffer. This follows a board meeting held on March 18, 2026, where the acquisition details were likely finalized.
Key Highlights
Conference call scheduled for March 19, 2026, to discuss strategic acquisitions.
Focus on the acquisition of Bluetile Games S.L. and Bestplay Systems S.L.
Key management participation including CEO Nitish Mittersain and Bluetile Founder Raymond Stauffer.
The call follows the board meeting outcome from March 18, 2026, regarding these inorganic growth moves.
Universal access numbers provided for global investors across Singapore, Hong Kong, UK, and USA.
👀 What to Watch
Investors should attend the call or review the transcript to understand the valuation, growth potential, and synergy benefits of these acquisitions. Focus on how these additions will impact Nazara's consolidated revenue and EBITDA margins in the coming quarters.
Nazara to Acquire 50% Stake in Bluetile and BestPlay for $100.3 Million (INR 918 Cr)
Nazara Technologies is acquiring a 50% controlling stake in European gaming firms Bluetile and BestPlay for approximately INR 918 crores. The target companies reported a combined revenue of $153.6 million and EBITDA of $27.7 million for CY2025, indicating a strong margin profile. The deal includes a performance-linked earn-out of up to $98.2 million and an option to acquire the remaining 50% stake by 2028 at 6.6x EBITDA. This acquisition significantly expands Nazara's global footprint and integrates AI-driven development and distribution capabilities into its portfolio.
Key Highlights
Acquisition of 50% stake for $100.3 million (INR 918 Cr) with a path to 100% ownership by 2028.
Target companies generated $153.6 million in revenue and $27.7 million in EBITDA for CY2025.
Bluetile brings a massive user base of 375 million downloads and 22 million monthly active users (MAUs).
Transaction includes performance-linked earn-outs estimated at $98.2 million (INR 898 Cr) for CY2027-2029.
Strategic focus on AI-driven gaming development and rewarded engagement platforms to drive synergies.
👀 What to Watch
Investors should view this as a major growth catalyst that adds significant scale and profitability to Nazara's international business. Monitor the integration process and the impact on consolidated margins in upcoming quarters.
Nazara to Acquire Bluetile & Bestplay for ~INR 918 Cr; Enters AI-Driven Casual Gaming
Nazara Technologies is acquiring an initial 50% stake in Bluetile Games and Bestplay Systems for USD 100.3 million (~INR 918 Cr), with a path to 100% ownership by 2028. The target companies are highly profitable, reporting CY25 revenue of USD 153.6 million (~INR 1,405 Cr) and EBITDA of USD 27.7 million (~INR 254 Cr). The deal integrates AI-native game development and a proprietary rewards-based distribution network, significantly scaling Nazara's casual gaming vertical. The transaction includes performance-linked earn-outs of approximately USD 98.2 million based on CY27-29 targets to align founder incentives.
Key Highlights
Acquiring 50% stake for USD 100.3M (~INR 918 Cr) upfront, with remaining 50% at 6.6x EBITDA by 2028.
Target companies delivered USD 153.6M revenue and USD 27.7M EBITDA in CY25 with 18% EBITDA margins.
Bluetile portfolio includes 17 active games with 22 million Monthly Active Users (MAUs) and 375 million downloads.
AI-native development platform enables 80% of backend code to be AI-generated, reducing development time by 50%.
Performance-linked earn-outs of USD 98.2M (~INR 898 Cr) are contingent on achieving CY27-29 revenue and EBITDA targets.
👀 What to Watch
This is a major growth move that adds significant revenue and profitability while bringing advanced AI capabilities to Nazara's ecosystem. Investors should view this as a positive expansion into the high-margin casual gaming segment, though they should monitor the successful integration of the Spanish entities.
Nazara to Acquire Majority Stake in Bluetile and Bestplay for ~INR 918 Crores
Nazara Technologies, through its UK subsidiary, has approved the acquisition of a ~50% stake in two Spanish gaming entities, Bluetile Games and Bestplay Systems, for a total cash consideration of USD 100.3 million (~INR 918 crores). The target companies have demonstrated exceptional growth, with combined revenues surging from USD 50.1 million in CY23 to USD 153.6 million in CY25. The deal includes performance-linked earn-outs of approximately USD 98.2 million and a structured path to 100% ownership by 2028. Additionally, the board has proposed increasing the company's investment limits from INR 3,500 crores to INR 5,000 crores to support this and future expansions.
Key Highlights
Acquiring ~50% stake in Bluetile and Bestplay for USD 100.3 million (~INR 918 crores) in cash.
Target companies' combined revenue grew from USD 50.1M in CY23 to USD 153.6M in CY25.
Performance-linked earn-outs estimated at USD 98.2 million (~INR 898 crores) contingent on CY27-29 targets.
Option to acquire remaining 50% stake by 2028 at a valuation of 6.6x trailing calendar year EBITDA.
Board approved increasing Section 186 investment limits to INR 5,000 crores to facilitate growth.
👀 What to Watch
Investors should view this as a major growth move that significantly scales Nazara's global revenue and AI-driven gaming capabilities. Monitor the upcoming conference call on March 19 for details on margin impacts and integration timelines.
Nazara Q3 FY26 EBITDA Jumps 29.4% to ₹67.8 Cr; Margins Expand to 16.7%
Nazara Technologies reported a strong Q3 FY26 with EBITDA rising 29.4% YoY to INR 67.8 crore, despite a 24.1% revenue decline to INR 406 crore caused by the deconsolidation of NODWIN Esports. The company successfully pivoted toward higher-margin IP-based gaming, leading to a significant margin expansion to 16.7%. For the 9M FY26 period, revenue grew 29.7% to INR 1,431.2 crore while EBITDA surged 73% to INR 177.2 crore. Management highlighted a turnaround in Kiddopia's subscriber growth and robust performance in the offline gaming segment which maintained a 36% EBITDA margin.
Key Highlights
Q3 FY26 EBITDA grew 29.4% YoY to INR 67.8 crore with margins expanding to 16.7% from refocus on IP gaming.
Core Gaming segment revenue rose 66% YoY to INR 257 crore with a healthy 25% EBITDA margin.
Kiddopia resumed subscriber growth with ARPU increasing to $7.45 and CAC improving to $35.8.
Offline gaming (Smaaash and Funky Monkey) reported a strong 36% EBITDA margin for the quarter.
9M FY26 EBITDA increased 73% YoY to INR 177.2 crore, reflecting improved operational efficiencies across segments.
👀 What to Watch
Investors should view the margin expansion and Kiddopia's recovery as positive signs of operational maturity. The shift from low-margin services to high-margin IP ownership justifies the current valuation and suggests long-term profitability.
Nazara Q3FY26: EBITDA Jumps 29.4% to ₹67.8 Cr; Margins Expand to 16.7%
Nazara Technologies reported a strong 9MFY26 with revenue growing 29.7% YoY to ₹1,431.2 crore and EBITDA surging 73% to ₹177.2 crore. While Q3FY26 revenue fell 24.1% to ₹406 crore due to the deconsolidation of Nodwin Gaming, EBITDA margins significantly improved to 16.7% from 9.8% a year ago. The company successfully resumed subscriber growth in Kiddopia through its 'Centres of Excellence' (COE) model and saw strong performance in its new PC/Console publishing segment. However, associate company Nodwin faced a significant ₹384 crore impairment related to its subsidiary Freaks 4U Gaming.
Key Highlights
9MFY26 EBITDA grew 73% YoY to ₹177.2 Cr with margins expanding to 12.4% from 9.3%.
Q3FY26 EBITDA margins reached 16.7%, driven by operational efficiencies and the COE model.
Kiddopia subscriber growth resumed in Q3FY26, reaching 221,458 users after several quarters of decline.
PC & Console segment delivered ₹186.2 Cr revenue and ₹67.2 Cr EBITDA in 9MFY26 with high margins.
Associate company Nodwin Gaming recognized a ₹384 Cr impairment for its subsidiary Freaks 4U Gaming.
👀 What to Watch
Investors should focus on the significant margin expansion and the successful turnaround of Kiddopia's subscriber base. The shift towards high-margin segments like PC/Console publishing and the efficiency of the COE model are positive indicators for long-term value compounding.
Nazara Q3FY26 EBITDA Rises 29.4% to INR 68 Cr; Margins Expand to 16.7%
Nazara Technologies reported a robust Q3FY26 with EBITDA growing 29.4% YoY to INR 67.8 crores and margins expanding to 16.7%. For the nine-month period (9MFY26), revenue surged 29.7% to INR 1,431.2 crores, while EBITDA jumped 73% YoY to INR 177.2 crores. The company witnessed a turnaround in Kiddopia subscriber growth and strong operational performance from its associate, NODWIN Gaming. Furthermore, the board approved strategic investments in nCore Games and a capital infusion of INR 15 crores into Rusk Media.
Key Highlights
Q3FY26 EBITDA grew 29.4% YoY to INR 67.8 crores with margins at 16.7%.
9MFY26 revenue reached INR 1,431.2 crores, a 29.7% YoY increase.
9MFY26 EBITDA surged 73% YoY to INR 177.2 crores, reflecting strong operational leverage.
Kiddopia resumed subscriber growth following optimized user acquisition and data analytics strategies.
Board approved a primary capital infusion of up to INR 15 crores into Rusk Media.
👀 What to Watch
Investors should note the significant margin expansion and the recovery in the Kiddopia segment as key positive indicators. The company's continued focus on strategic acquisitions and IP expansion suggests a strong growth trajectory in the global gaming market.
Nazara Approves New Investments; Reports Massive ₹914.7 Cr Impairment & GST Legal Risks
Nazara Technologies approved its Q3 FY26 results alongside new strategic investments in Rusk Media (₹15 Crores) and nCore Games ($500,000). However, the report is overshadowed by a massive impairment loss of ₹914.70 Crores related to an associate company affected by the 'Promotion and Regulation of Online Gaming Act, 2025'. Furthermore, the auditor highlighted astronomical GST Show Cause Notices totaling over ₹11,800 Crores across various subsidiaries and associates. While expansion continues, these regulatory and legal hurdles pose significant risks to the company's valuation.
Key Highlights
Approved ₹15 Crore investment in Rusk Media Private Limited via Pre Series C CCPS.
Authorized USD 500,000 investment in nCore Games, Inc. through a Convertible Promissory Note.
Recognized a massive impairment loss of ₹91,470 lakhs (₹914.7 Cr) due to new online gaming regulations.
Disclosed multiple GST Show Cause Notices totaling over ₹11,800 Crores across group entities.
Reported a share of net loss from associates amounting to ₹5,742 lakhs for the nine-month period.
👀 What to Watch
Investors should exercise extreme caution as the massive impairment and astronomical GST claims create significant uncertainty. Monitor the company's legal defense strategy and the impact of the 2025 Gaming Act on future revenue streams.
Nazara Technologies Completes 5.23% Stake Acquisition in Rusk Media for ₹27.15 Crore
Nazara Technologies has finalized the acquisition of 4,276 Series A Compulsorily Convertible Preference Shares (CCPS) of Rusk Media Private Limited for a cash consideration of ₹27.15 crore. This stake, representing 5.23% on a fully diluted basis, was acquired from Nazara's associate company, Nodwin Gaming. Following this transaction, Nazara's direct holding in Rusk Media has increased to 7.18%. This move reflects the company's strategy to consolidate its presence in the digital content and gaming ecosystem.
Key Highlights
Paid full cash consideration of INR 27,14,91,792 (₹27.15 Cr) for the acquisition.
Acquired 4,276 Series A CCPS, representing 5.23% of Rusk Media on a fully diluted basis.
Total shareholding in Rusk Media increased from approximately 1.95% to 7.18%.
The transaction was completed pursuant to a Share Purchase Agreement with associate company Nodwin Gaming.
The acquisition was finalized on January 30, 2026, following previous disclosures in late 2025.
👀 What to Watch
Investors should note this as a strategic consolidation of Nazara's portfolio companies to gain more direct control over content assets. Watch for further synergies between Rusk Media's content and Nazara's gaming platforms.
Nazara Shareholders Approve Employee Stock Option Scheme 2025 with 91.88% Majority
Nazara Technologies has successfully passed a special resolution to implement the 'Nazara Technologies Employee Stock Option Scheme 2025'. The resolution received 91.88% approval from the total votes cast during the postal ballot process which concluded on January 15, 2026. While promoters and retail investors were nearly unanimous in their support, public institutional investors showed notable resistance with 31.85% of their votes cast against the scheme. This approval allows the company to proceed with its long-term incentive plan for employees.
Key Highlights
Special resolution for the new ESOP Scheme 2025 passed with 17.18 crore votes in favour (91.88%).
Total voter turnout represented 50.48% of the company's outstanding share capital.
Public institutional investors cast 1.52 crore votes (31.85% of their segment) against the resolution.
Promoter group voted 100% in favour, contributing 12.81 crore votes to the total.
The resolution was passed as a Special Resolution, requiring at least 75% majority.
👀 What to Watch
Investors should monitor the specific grant sizes and vesting schedules of the new ESOP scheme to evaluate potential future equity dilution. The significant institutional dissent (31.85%) warrants a closer look at the scheme's pricing and performance criteria.
Nazara Technologies Increases Stake in Next Wave Multimedia to 87.44% for INR 2.5 Crore
Nazara Technologies has acquired an additional 4.19% stake in its subsidiary, Next Wave Multimedia Private Limited, for a consideration of INR 2.50 crore. This acquisition involved the purchase of 1,396 equity shares from the founding shareholders as per a prior Share Purchase Agreement. Following this transaction, Nazara's total shareholding in the subsidiary has increased from 83.25% to 87.44%. This move represents a further consolidation of ownership in one of its key gaming assets.
Key Highlights
Acquired 1,396 equity shares representing a 4.19% stake in Next Wave Multimedia.
Total cash consideration paid for the additional stake is INR 2,50,02,985.
Nazara's total equity holding in the subsidiary increased from 83.25% to 87.44%.
The transaction was executed pursuant to a Share Purchase Agreement dated May 24, 2024.
Shares were acquired from the founding promoters Mr. P.R Rajendran, Ms. R Kalpana, and Ms. P.R Jayashree.
👀 What to Watch
Investors should view this as a positive consolidation of a core subsidiary, though the small transaction size means it is unlikely to have a major immediate impact on the stock price. No immediate action is required other than monitoring the performance of the Next Wave subsidiary.
Nazara Technologies to Issue 18.52 Lakh Shares Under New ESOP 2025 Scheme
Nazara Technologies has issued a postal ballot notice seeking shareholder approval for its 'Employee Stock Option Scheme 2025' (ESOP 2025). The scheme proposes the grant of up to 18,52,325 equity shares of face value ₹2 each to eligible employees and directors. The remote e-voting period is set from December 17, 2025, to January 15, 2026, with the cut-off date for eligibility fixed as December 12, 2025. This move is intended to align employee interests with shareholder value and improve talent retention.
Key Highlights
Proposed ESOP 2025 scheme covers a maximum of 18,52,325 equity shares of ₹2 each.
One option under the scheme converts into one fully paid-up equity share upon exercise.
Promoters, promoter group members, and independent directors are excluded from the scheme.
E-voting period starts on December 17, 2025, and ends on January 15, 2026.
The results of the postal ballot will be announced within two working days of the voting deadline.
👀 What to Watch
Investors should note the potential minor equity dilution and may participate in the e-voting process if they held shares as of the December 12, 2025 cut-off date.
