Nazara To Sell 95% Stake In OpenPlay To PokerBaazi Parent

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Listed gaming major Nazara Technologies has received its board’s approval to sell 94.85% stake in its subsidiary OpenPlay Technologies to online poker platform PokerBaazi’s parent entity Moonshine Technology for INR 104.33 Cr.

As per the company’s exchange filing, the deal will be executed through the issuance of 1,99,890 Moonshine’s compulsory convertible preference shares (CCPS) at a face value of INR 10 each, to Nazara and other sellers.

Founded by Navkiran Singh in 2014, Moonshine Technology initially focussed on online poker…



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Nazara To Sell 95% Stake In OpenPlay To PokerBaazi Parent


Listed gaming major Nazara Technologies has received its board’s approval to sell 94.85% stake in its subsidiary OpenPlay Technologies to online poker platform PokerBaazi’s parent entity Moonshine Technology for INR 104.33 Cr.

As per the company’s exchange filing, the deal will be executed through the issuance of 1,99,890 Moonshine’s compulsory convertible preference shares (CCPS) at a face value of INR 10 each, to Nazara and other sellers.

Founded by Navkiran Singh in 2014, Moonshine Technology initially focussed on online poker…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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