Nazara Completes Acquisition Of Smaaash For INR 126 Cr

The gaming major invested INR 10 Cr to subscribe to 1 Cr equity shares of INR 10 each in Smaaash, giving it 100% ownership

Nazara also extended an unsecured inter-corporate loan of INR 116 Cr to Smaaash to settle the dues

With this, Nazara appears to be betting on physical gaming venues as a strategic counterweight to its online operations, which are seeing slower growth or higher operating costs

Gaming major Nazara Technologies on Friday (June 6) announced that it has…