Nazara terminates deal with I3 Interactive to buy stake in Moonshine

Nazara Technologies Limited has called off its plan to acquire a minority stake in Moonshine Technology Private Limited, the parent company of online poker platform PokerBaazi, following the enactment of the Promotion and Regulation of Online Gaming Act, 2025.

In a stock exchange filing, Nazara said that it issued a termination notice to I3 Interactive on August 31, 2025. 

The company had earlier agreed to purchase 38,073 equity shares, representing 0.96% of Moonshine’s equity from I3 Interactive Inc. for about Rs 15.9 crore. However, with the new…