Nodwin Gaming International Pte Ltd, a step-down subsidiary of Nazara Technologies Limited, has successfully acquired 100% of the share capital of Starladder Ltd from the Seller for a total consideration of up to USD 5.50 million (~INR 47.59 crores).
The payment is structured with USD 2.00 million (~INR 17.31 crores) to be paid in cash and the remaining USD 3.50 million (~INR 30.28 crores) through a swap of equity shares in Nodwin Singapore.
As per the terms of the agreement, Nodwin Singapore has issued and allotted 16,187 equity shares to discharge the USD 3.50 million (~INR 30.28 crores). The balance USD 2.00 million will be paid according to the agreement, with further updates to follow. With this acquisition, Starladder is now a wholly owned subsidiary of Nodwin Singapore and a step-down subsidiary of both Nodwin and Nazara Technologies.