Nazara Technologies to Invest in PokerBaazi Parent to Enhance Skill Gaming Presence

Thursday, 12 September 2024, 17:58

Nazara Technologies is set to invest Rs 982 crore in PokerBaazi's parent company, significantly expanding its presence in the skill gaming sector. The investment consists of an initial acquisition of 47.7 percent stake for Rs 831.5 crore, followed by an additional Rs 150 crore infusion into the firm. This strategic move underscores Nazara's commitment to bolstering its capabilities in competitive online gaming.
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Nazara Technologies to Invest in PokerBaazi Parent to Enhance Skill Gaming Presence

Nazara Technologies Makes Strategic Investment

Nazara Technologies is strengthening its foothold in the skill gaming market with a bold investment plan.

Details of the Investment

  • Initial acquisition: 47.7 percent stake in PokerBaazi's parent company.
  • Investment amount: Rs 831.5 crore for the stake.
  • Additional investment: Rs 150 crore infusion.

This investment not only reflects Nazara's growth strategy but also signals a strong potential for market expansion in the skill gaming domain.

Market Implications

By enhancing its investment in PokerBaazi's parent, Nazara aims to capture a larger share of the growing skill gaming audience. This move is anticipated to yield substantial returns in the competitive online gaming landscape, catering to the rising demand for interactive entertainment.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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