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Nazara Technologies Stock Gains Attention Following ₹918 Crore Acquisition Deal
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Nazara Technologies Stock Surges on ₹918 Crore Acquisition Deal
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CNBC TV18
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19-03-2026, 09:03
Nazara Technologies Stock Surges on ₹918 Crore Acquisition Deal
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Nazara Technologies shares surged 7% and are expected to trade higher after announcing a ₹918 crore acquisition.
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Nazara's UK arm will acquire an initial 50% stake in Bluetile and Bestplay for $100.3 million (₹918 crore).
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The deal includes an option to acquire the remaining 50% by 2028 and performance-linked earn-outs up to $98.2 million (₹898 crore).
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Nazara reported 10% organic revenue growth and 25% PAT growth, with Q3 FY26 revenue up 29.7% to ₹1,431 crore.
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Profit after tax declined to ₹11.3 crore due to a ₹915 crore impairment in Moon Technologies gaming investment.
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