This all-cash deal allows Jetapult to acquire a significant stake in one of the country’s pioneering homegrown gaming studios
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Nazara has been on an acquisition spree, with its subsidiary Absolute Sports recently acquiring the assets of DeltiasGaming.com
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Last month, Nazara acquired additional 48.42 per cent stake in Paper Boat Apps (PBA) for Rs 300 crore
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However, for the entire year 2024, revenue grew by 4.3 per cent to Rs 1,138.3 crore, compared to Rs 1,091.0 crore in FY23. PAT (from continuing operations) increased by 41.2 per cent to Rs 89.5 crore in FY24 as against Rs 63.4 crore in FY23
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The company had previously acquired a majority stake in Nextwave in 2018 and further increased its stake by 71.88 per cent in May 2023
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