Nodwin Gaming to acquire stake in Rusk Media Pvt Ltd

The Board of Directors of Nodwin Gaming Private Limited ("Nodwin") has approved the acquisition of 10.26% equity stake in Rusk Media Private Limited. (Hereinafter referred as "Rusk") through Shareholder's Agreement.

NODWIN's investment in Rusk Media will enable massification of entertainment first gaming and esports content in the country and enable media platforms to have access to content that the 18 - 25 year olds looking for.

Rusk Media Private Limited is a digital entertainment company which creates content IPs for the Gen-Z and millennial audiences in India.

Shares of Nazara Technologies Limited was last trading in BSE at Rs. 2329.85 as compared to the previous close of Rs. 2329.90. The total number of shares traded during the day was 3310 in over 810 trades.

The stock hit an intraday high of Rs. 2349.00 and intraday low of 2300.00. The net turnover during the day was Rs. 7686005.00.

Source : Equity Bulls

Keywords

NazaraTechnologies INE418L01021 NodwinGaming RuskMedia StakeAcquisition eSports DigitalEntertainment