Nazara Technologies has successfully completed the acquisition of the remaining equity stake in its subsidiary, Next Wave Multimedia Private Limited. Following the latest transaction on March 30, 2026, Nazara’s shareholding increased from 87.44% to 100%. This consolidation resulted in Nextwave becoming a wholly owned subsidiary, achieved by acquiring 4,188 shares for an aggregate consideration of INR 7,50,08,955/-.
Full Ownership Attained in Next Wave Multimedia
Nazara Technologies Limited announced a significant step in consolidating its investments by completing the acquisition of the residual equity stake in Next Wave Multimedia Private Limited (“Nextwave”), a subsidiary. This move solidifies the relationship between the parent company and its gaming/media venture.
Transaction Details
The disclosure confirms that on March 30, 2026, the Company acquired 4,188 equity shares of Nextwave, with each share having a face value of INR 100/-. This block of shares represented 12.56% of Nextwave’s total equity capital. The total aggregate consideration paid to the existing promoter-founder shareholders (Sellers) for this final tranche was INR 7,50,08,955/-.
Impact on Subsidiary Status
Prior to this purchase, Nazara held an 87.44% stake. Following the successful closing of the transaction, Nazara’s equity shareholding in Nextwave has increased to 100%. Consequently, Nextwave has officially transitioned to become a wholly owned subsidiary of Nazara Technologies Limited.
Compliance and Disclosure
This update serves as a mandatory disclosure under relevant regulations, referencing the initial Share Purchase Agreement (SPA) executed on May 24, 2024, and subsequent addendums. The Company Secretary and Compliance Officer, Arun Bhandari, attested to the completion of this strategic acquisition.
Source: BSE
