M&A M&A
Undone: Nazara ends deal to buy addl 1% stake in RMG firm Moonshine
Source Business Line (opens in a new tab)BSE Announcement (opens in a new tab)
Mumbai-headquartered, publicly listed Nazara Technologies has dropped a plan to buy more stake in Moonshine Technology Pvt Ltd., the parent company of Delhi-headquartered Pokerbaazi, in light of the recently announced ban on online gaming.Nazara was to buy a 0.96% stake of Moonshine Technology from I3 Interactive Inc. for around INR 15.90 crore.In Sep 2024, Nazara Technologies had invested INR 982 crore in PokerBaazi.