Nazara Technologies Limited has announced an increase in its shareholding in its subsidiary, Funky Monkeys Play Centre Private Limited. Following a primary subscription of ₹8 crore, Nazara has been allotted 1,87,586 Equity Shares. This allotment represents 4.00% of Funky Monkeys’ equity share capital and raises Nazara’s total ownership to 64.00%.
Increased Ownership in Subsidiary
Nazara Technologies Limited has disclosed an update regarding its investment in Funky Monkeys Play Centre Private Limited, a subsidiary. Through a primary subscription, Nazara has invested ₹8,00,00,000/-. This investment has resulted in the allotment of 1,87,586 Equity Shares, each with a face value of ₹10/-, to Nazara Technologies.
Expanded Shareholding
The newly allotted shares represent 4.00% of the total equity share capital of Funky Monkeys Play Centre Private Limited. Consequently, Nazara Technologies Limited’s overall shareholding in the subsidiary has now increased to 64.00% of its equity share capital. This expansion signifies a deeper integration and control over the subsidiary’s operations and future earnings.
Source: BSE
