Nazara ends majority control in Nodwin ahead of internal fundraise

Nazara Technologies on Wednesday said that it will no longer retain majority control in its subsidiary Nodwin Gaming. The decision comes as Nodwin prepares to raise new capital from existing shareholders to fund expansion in esports and youth media.

Nazara has chosen not to participate in the upcoming round, which will reduce its shareholding in Nodwin to below 50%, the company said in a stock exchange filing. However, it will…