Nazara Technologies soars over 4% on NSE following strategic acquisitions
India-based Nazara Technologies Ltd, involved in mobile games, esports, and sports media, shares were trading at ₹1,157 ($13.60), up by 4.73 percent on 12 May 2025 on the National Stock Exchange of India (NSE). The stock has now recorded gains for five consecutive sessions. Over the last one year, Nazara has surged 90.58 percent, significantly outperforming the NIFTY index, which dropped 12.15 percent, and the Nifty Media index, which fell 9.69 percent during the same period.
Today, Nazara Technologies’ shares opened at ₹1,165.80 on the NSE and are currently trading at ₹1,185.90 as of 11:28 IST.
In the last month alone, Nazara shares have risen 20.23 percent, while the Nifty Media index has gained around 3.15 percent. On the day, the Nifty benchmark climbed 3.26 percent to 24,790 and the Sensex increased 3.16 percent to 81,966.69.
Nazara Technologies also saw high trading activity with a volume of 10.51 lakh shares, well above the one-month daily average of 6.16 lakh shares.
Smaaash acquisition gets tribunal approval
On 7 May 2025, Nazara Technologies informed the Indian stock exchange about the approval of its resolutionEntertainment Private Limited. The National Company Law Tribunal (NCLT), Mumbai, approved the plan as part of Smaaash’s ongoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016.
Nazara stated that the approval is subject to a modification in the provisos to the term “effective date” as mentioned in the plan.
Sale of Openplay stake to Moonshine completed
In another key development, Nazara Technologies completed the sale of its 94.86 percent stake in Openplay Technologies Private Limited to Moonshine Technology Private Limited, an associate company.
As per the dated 7 March 2025, Moonshine issued 1,99,890 Compulsory Convertible Preference Shares (CCPS) worth ₹104.34 crore in exchange for the stake. With this transaction, Openplay is no longer a subsidiary of Nazara. Instead, it now operates under Moonshine, where Nazara holds a 46.07 percent equity stake.
Following the transaction, Nazara holds a total of 4,87,266 CCPS in Moonshine, including the new allotment. This move is part of Nazara’s portfolio optimisation and strategic alignment across its gaming investments.
Sportskeeda expands in US with wrestling platform acquisitions
Nazara Technologies’ subsidiary, Absolute Sports, which runs the sports media brand Sportskeeda, has acquired TJRWrestling.net and ITRWrestling.com in an all-cash deal worth ₹10.5 crore ($1.25 million).
These wrestling content platforms attract around 1.7 million monthly active users and generate 4.6 million monthly pageviews, mainly from North America. In 2024, the platforms earned a combined revenue of ₹6.1 crore ($722,000).
The acquisition includes intellectual property rights, published content, domains, and social media accounts from Titan Insider Digital. The deal strengthens Absolute Sports’ position in the US market and supports its ambition to become a global hub for wrestling and combat sports content.
