{
}
Norges Bank, through its Government Pension Fund Global, has invested $8.1 million in Nazara Technologies, acquiring 719,000 shares at 969.65 rupees each. This marks the central bank's first investment in the company, which has seen fluctuating stock performance since its debut in March 2021. Despite a 53.5% drop in net profit in Q3 FY25, Nazara's operating revenue increased by 66.8%, and the company continues to expand through acquisitions, including a recent increase in its stake in Absolute Sports Private Limited.
Nazara Technologies has acquired an additional 8.97% stake in Absolute Sports, the parent company of Sportskeeda, for 69.17 crore rupees (US$8 million), achieving full ownership. This acquisition, announced on March 19, 2025, follows previous investments of 6.05% in 2022 and 10.26% in December 2024. Founded in 2010, Absolute Sports specializes in sports media and entertainment, offering content, live scores, and gaming services.
TiE Mumbai will host TiECon Mumbai 2025 on March 12, 2025, at the Jio World Convention Centre, focusing on the theme "DhandaFirst." The conference aims to explore the evolution of India's startup ecosystem as a driver of economic growth, fostering collaboration among startups, corporates, and investors. With over 3,000 attendees expected, including 1,000 startup founders and 500 investors, the event will address key areas such as investment strategies, the IPO boom, and the monetization potential of emerging technologies like AI and DeepTech.
On November 29, the Nifty and Sensex rebounded strongly, with the Sensex rising 759 points to 79,803 and the Nifty gaining 217 points to 24,131, driven by gains in pharma, infrastructure, energy, and auto stocks. Zee Entertainment shares surged 5% after shareholders rejected CEO Punit Goenka's reappointment, while Divi's Laboratories rose 4% following a bullish report from Citi. Adani Group stocks jumped up to 20% after being included in the NSE's F&O segment, and Easy Trip Planners saw a 10% increase after announcing a 1:1 bonus share issue. Conversely, CreditAccess Grameen fell 8.5% after a downgrade from Goldman Sachs, which revised its target price significantly lower.
Nazara Technologies has successfully closed an Rs 855-crore funding round, attracting both new and existing investors to support its acquisition strategy and global expansion. The company issued 89.6 lakh shares at Rs 954.27 each, with shares trading at Rs 1,021, reflecting a 3% increase. Founder Nitish Mittersain anticipates that the core gaming business will emerge as the largest revenue generator within the next two to three years.
KGeN, a decentralized gamer network co-founded by Manish Agarwal, has secured $10 million in funding led by Aptos Labs, raising its valuation to $500 million. This investment, part of a total of $30 million raised to date, aims to enhance the platform, expand features, and strengthen partnerships with game developers.
Nazara Technologies reported a subdued operational performance with an EBITDA margin of 7.9%, impacted by higher employee costs and challenges in key segments. Despite recent pressures, a projected top-line CAGR of 19.6% over the next two years is anticipated due to strategic acquisitions and partnerships. The stock is rated as a BUY with a target price of Rs 1,182, reflecting an improving margin outlook.
Nikhil Kamath's WTFund and Nazara Technologies have invested Rs 2 crore in two gaming startups, Norian Games and Xigma Games, to support the growth of India's gaming industry. This initiative aims to provide financial backing, mentorship, and strategic guidance to foster innovation in the sector. Kamath emphasized the importance of nurturing young entrepreneurs and pushing the boundaries of gaming.
Nazara Technologies reported a net profit of Rs 16.2 crore for Q2, a 32.8% decline from Rs 24.18 crore a year ago, primarily due to a loss of Rs 7.1 crore in its e-sports segment. Despite the profit dip, revenue from operations rose 7.3% to Rs 318.9 crore, up from Rs 297.2 crore in the same quarter last year. Profit from continued operations also fell 19.6% to Rs 18.1 crore.
Nazara Technologies shares rose over three percent on November 13 following a partnership with Open Network for Digital Commerce (ONDC) to launch an in-game monetisation platform named gCommerce. This initiative aims to help game developers integrate e-commerce into their games, creating new revenue streams. Currently in soft launch, the platform is set to be available to developers starting Q1-FY26.
Nazara Technologies Limited
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Norwegian central bank invests 8.1 million dollars in Nazara Technologies
05:00 23.03.2025
Nazara Technologies acquires full ownership of Absolute Sports for 69 crore rupees
06:10 20.03.2025
tiEcon Mumbai 2025 to focus on entrepreneurial growth and collaboration
Infosys Ltd
Tata Digital India Reg Gr
Nazara Technologies Limited
Maricoin USD
IND
Harshal Morde
Tarun Mehta
Sanjay Mehta
Nitish Mittersain
T.V. Mohandas Pai
N. R. Narayana Murthy
Neeraj Roy
Savji Dholakia
Trivikraman Thampy
Rajesh Sharma
Bhavish Aggarwal
Kaustubh Dhavse
Atul K. Nishar
Bhavook Tripathi
Vijay Kedia
Naveen Tahilyani
Cyril Shroff
Ganesh Krishnan
Mayank Agarwal
Apoorva Ranjan Sharma
Rajan Navani
Jaspreet Bindra
Meena Ganesh
Sharad Sanghi
Anupam Mittal
Gaurav Trehan
Ajay Mariwala
Ashwin Damera
Arjun Vaidyanathan
Amit Mookim
Manish Chokhani
Harsh Mariwala
Show more
08:11 11.03.2025
stocks rebound as pharma and infrastructure lead market gains on november 29
Zee Entertainment Enterprises Limited
DIVI'S LABORATORIES LTD
Adani Green Energy Limited
Adani Energy Solutions Limited
Adani Total Gas Limited
Easy Trip Planners Limited
Sigachi Industries Limited
Newgen Software Technologies Limited
CreditAccess Grameen Limited
Bharti Airtel Ltd.
Nazara Technologies Limited
IND
Punit Goenka
Show more
11:07 29.11.2024
Nazara Technologies secures 855 crore funding for acquisitions and expansion
06:05 28.11.2024
KGeN secures 10 million funding led by Aptos Labs valuing company at 500 million
18:00 20.11.2024
Nazara Technologies receives buy rating with target price of Rs 1182
07:54 19.11.2024
Nikhil Kamath's WTFund and Nazara Tech invest in gaming startups
08:47 15.11.2024
nazara reports q2 profit decline despite revenue growth of 7.3 percent
18:00 14.11.2024
Nazara Technologies partners with ONDC to enhance in-game monetisation strategies
08:39 13.11.2024
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Global Trade Developments
Global Financial Events
Finance Mergers & Acquisitions
Banking Regulations
Retail and Consumer Goods
Startups & Entrepreneurship
Central Bank Actions
Industry Mergers & Acquisitions
Inflation and Monetary Impact
CEO Changes
Market Analysis and Predictions
Government Economic Policies
Government Policies
Domestic Politics
Workplace Trends
GDP Growth & Recession Forecasts
Supply Chain Management
Countries:
Companies:
Barclays PLC
Apple Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Deutsche Bank Money Market PP
Banco Santander, S.A.
The Goldman Sachs Group, Inc.
Berkshire Hathaway Inc.
Credit Suisse Strategic Income I
Lloyds Banking Group plc
SpaceXCoin USD
Bank of America Corporation
Amazon.com, Inc.
UBS Group AG
Morgan Stanley
NVIDIA Corporation
Wells Fargo & Company
BNP Paribas SA
Commerzbank AG
UniCredit S.p.A.
Currencies:
United States Dollar
Euro
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Chinese Yuan
Canadian Dollar
Vietnamese Đồng
South Korean Won
Australian Dollar
Thai Baht
New Taiwan Dollar
Singapore Dollar
Indonesian Rupiah
Mexican Peso
Cambodian Riel
Russian Ruble
Hong Kong Dollar
Offshore Chinese Yuan
People:
Donald Trump
Elon Musk
Warren Buffett
JD Vance
Sergio Ermotti
Mark Haefele
Robin Leopold
Olivier Calvet
Troy L Rohrbaugh
Jennifer Piepszak
Karoline Leavitt
Ursula von der Leyen
Alex Kramm
Susan P. Crawford
Scott Bessent
Stacey Friedman
Jeff Bezos
George Saravelos
Francois Xavier Bouvignies
Joseph Spak