Nazara Technologies Limited, a leading diversified gaming and sports media platform, has disclosed significant financial transactions involving its subsidiaries.
Loan Agreements to Support Subsidiary Operations
On May 29, 2025, Absolute Sports Private Limited, a material subsidiary of Nazara Technologies, entered into a loan agreement with its wholly-owned subsidiary, Sportskeeda Inc. Under this agreement, Absolute Sports will provide an unsecured loan of up to USD 12.92 million (approximately INR 110 crores) to Sportskeeda Inc. The funds are intended for inter-corporate loans to support the business activities of fellow subsidiaries, in compliance with applicable laws. As of the disclosure date, the outstanding loan amount under this agreement stands at USD 3.53 million.
In a parallel transaction, Sportskeeda Inc. has agreed to extend an unsecured loan of up to GBP 9.58 million (approximately INR 110 crores) to Nazara Technologies UK Limited, another wholly-owned subsidiary of Nazara Technologies. This loan, also executed on May 29, 2025, will support Nazara UK’s business needs, including working capital, acquisitions, and expansion plans, with no outstanding loan amount reported as of the disclosure date. Both transactions are classified as related party transactions but are exempt under Regulation 23(5)(c) of the Listing Regulations, as they involve wholly-owned subsidiaries and are conducted on an arm’s length basis.
Investment in Nodwin Gaming International
In a separate development, Nodwin Gaming Private Limited, another material subsidiary of Nazara Technologies, has made a strategic investment in its wholly-owned subsidiary, Nodwin Gaming International Pte. Ltd., based in Singapore. On May 30, 2025, Nodwin subscribed to 17,575 ordinary shares for a total consideration of USD 3.8 million in cash. This investment increases Nodwin’s total shareholding to 603,094 ordinary shares, maintaining its 100% ownership of Nodwin Singapore.
Nodwin Gaming International, incorporated on June 30, 2021, operates in the e-sports, consulting services, event management, and related content development sectors. The company reported a turnover of USD 10.27 million for the fiscal year ending March 31, 2025, reflecting its growing presence in international markets. This investment aligns with Nazara Technologies’ objective to expand its footprint in the global e-sports industry, with no governmental or regulatory approvals required for the transaction.
The company, headquartered at Maker Chamber III, Nariman Point, Mumbai, continues to strengthen its portfolio across India, the Middle East, Africa, and Europe.