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.
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