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The gaming major invested INR 10 Cr to subscribe to 1 Cr equity shares of INR 10 each in Smaaash, giving it 100% ownership
Nazara also extended an unsecured inter-corporate loan of INR 116 Cr to Smaaash to settle the dues
With this, Nazara appears to be betting on physical gaming venues as a strategic counterweight to its online operations, which are seeing slower growth or higher operating costs
Gaming major Nazara Technologies
on Friday (June 6) announced that it has…
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The gaming major invested INR 10 Cr to subscribe to 1 Cr equity shares of INR 10 each in Smaaash, giving it 100% ownership
Nazara also extended an unsecured inter-corporate loan of INR 116 Cr to Smaaash to settle the dues
With this, Nazara appears to be betting on physical gaming venues as a strategic counterweight to its online operations, which are seeing slower growth or higher operating costs
Gaming major Nazara Technologies on Friday (June 6) announced that it has…
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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