Other Private Equity/Strategic Investments

Nazara buys addl stake for Rs.10-Cr in Brandscale Innovations; to invest Rs.20-Cr to up stake in Abs

BSE  

The Board of Directors of Nazara Technologies has approved an additional investment of INR 20.10 crore in its subsidiary Absolute Sports Pvt Ltd, which runs the sports news website Sportskeeda. Nazara's board also approved the purchase of additional stake in Brandscale Innovations for INR 10 crore via optionally convertible debentures. Nazara currently holds 35% in the company.

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