
Nazara Technologies' shares surged nearly 5 percent to Rs 1,008 during early trading on September 12, following an announcement that its subsidiary, Nazara Dubai, acquired a 15.86 percent stake in the gaming community startup STAN. The deal, valued at $2.2 million (approximately Rs 18.4 crore), was executed through a secondary transaction, with Nazara purchasing the stake from existing shareholders.STAN, a platform that enables content creators to build and monetize their communities, has adopted a mobile-first strategy and focuses heavily on community engagement. This approach aligns with Nazara Technologies' broader vision of becoming a key player in the global esports industry.Nazara's CEO, Nitish Mittersain, emphasized that the acquisition supports their mission to strengthen the gaming ecosystem by expanding their audience reach and offering creators more opportunities to engage with and grow their communities. The company aims to leverage STAN’s platform to foster stronger ties within the gaming community, further solidifying its position in the esports sector.Nazara's shares have seen positive movement in recent months, rising by 14 percent over the past three months, reflecting growing investor confidence in its strategic initiatives and future growth potential.
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