Nazara Technologies' Rs 982 Crore Investment Fuels Global Expansion of Moonshine Technology

Thursday, 12 September 2024, 21:43

Nazara Technologies has announced a groundbreaking investment of Rs 982 crore to acquire a 47.7% stake in Moonshine Technology, the parent firm of PokerBaazi. This strategic move marks a significant step in enhancing the gaming platform’s presence in the digital economy and supports its global expansion. With this deal, Nazara is poised to play a crucial role in the evolving gaming landscape, bridging technology and entertainment.
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Nazara Technologies' Rs 982 Crore Investment Fuels Global Expansion of Moonshine Technology

Nazara Technologies' Strategic Investment

Nazara Technologies has unveiled plans for a substantial investment of Rs 982 crore in Moonshine Technology, the company behind PokerBaazi. This investment is poised to enhance the gaming platform’s capabilities, boosting its footprint in the competitive digital economy.

Details of the Stake Acquisition

  • The deal involves a 47.7% stake acquisition.
  • The investment is structured with a core allocation of Rs 831.51 crore through cash and shares.
  • This strategic partnership aims to propel Moonshine Technology's global expansion.

Significance for the Gaming Industry

As the gaming sector continues to grow, Nazara's investment highlights the increasing interest in gaming platforms and their potential in the digital economy. The move indicates a shift towards integrating more technology into entertainment, paving the way for innovation and market opportunities.

Future Outlook

This momentous step by Nazara Technologies not only solidifies their position in the gaming market but also opens avenues for advancements in technology applications within the industry. Keeping a pulse on such evolving dynamics will be essential for stakeholders involved.


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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