Nazara Technologies updates on Investment in equity shares of Paper Boat Apps Private Limited

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Nazara Technologies Limited has consummated the acquisition of equity stake of Paper Boat Apps Private Limited for a total consideration of Rs 9,99,99,950/- on April 20, 2022, consequent to achievement of the target revenue as provided under third closing of the Investment Agreement dated October 11, 2019. With this, the acquisition of equity shares under third closing of the Investment Agreement dated October 11, 2019 is completed.