Nazara unveils ?196-cr investments, acquires 60% stake in Funky Monkeys

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Nazara unveils ?196-cr investments, acquires 60% stake in Funky Monkeys

^{Published on 2024-12-02 08:34:07 - Michael Jones, N@N}

Nazara Technologies announced strategic investments totalling
196 crore to expand its presence across the gaming, entertainment, and education sectors. Shares of Nazara Technologies Ltd ended at
1,018.

Nazara Technologies has announced a significant investment of Rs 196 crore to acquire a 60% stake in the mobile gaming company, Funky Monkeys, as part of its strategy to expand its presence in the gaming industry. This acquisition aims to leverage Funky Monkeys' expertise in developing casual and board games, enhancing Nazara's portfolio which already includes popular games like World Cricket Championship and CarromClash. The deal not only signifies Nazara's commitment to growth through strategic investments but also positions it to tap into the burgeoning casual gaming market, which has seen a surge in popularity, especially during the global health crisis. This move is expected to bolster Nazara's market position and drive further innovation in the gaming sector.

Read the Full cnbctv18 Article at:
[ https://www.cnbctv18.com/market/stocks/nazara-technologies-share-price-unveils-rs-196-crore-investments-acquires-60-pc-stake-in-funky-monkeys-19518215.htm ]

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