Nazara Technologies wraps up Rs 186cr acquisition of OpenPlay Technologies

TAGS

Nazara Technologies said that it has wrapped up the previously announced INR 186.4 crores worth acquisition of OpenPlay Technologies, a skill gaming company based in Hyderabad.

The deal was announced by the Indian gaming and sports media company in August 2021.

Nazara Technologies acquired 100% of the shares of OpenPlay Technologies from Unnati Management Consultants and the latter’s founder — Sreeram Reddy Vanga by buying 7,670 equity shares priced at INR 10 per share.

See also  HCL Technologies, Innovaccer to expedite digital health transformation

The consideration was paid through the issue and allotment of 6,48,125 equity shares valued at INR 4 per share each of Nazara Technologies to Unnati Management Consultants.

OpenPlay Technologies owns a multi-game consumer gaming platform that is operated under the “Classic Games” brand, which hosts skill-based games like Fantasy Sports, Quiz, and Rummy.

CATEGORIES
TAGS
Share This