The Competition Commission of India has approved the acquisition of majority stake/control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP and Junomoneta Finsol Private Limited.

The proposed combination relates to the acquisition of a majority stake/control over Nazara Technologies Limited (Nazara) by Axana Estates LLP (Axana), Plutus Wealth Management LLP (Plutus) and Junomoneta Finsol Private Limited (JFPL).

Axana is an LLP incorporated in India. Axana currently does not undertake any business activities or holds any investments and its proposed business involves real estate and related activities and business of investing, acquiring, and holding, selling, buying, or otherwise dealing in shares and securities and other financial instruments whether listed on recognized stock exchanges or otherwise in India or elsewhere.

Plutus is an LLP incorporated in India and is engaged in the business of stock and commodity broking, trading and investments in stock, commodities, and related businesses.

JFPL is engaged in the business of proprietary stock broking and trades in equity, commodity and derivative markets.

Nazara functions as a diversified platform in gaming and sports media. Its portfolio encompasses interactive gaming, esports, and AdTech ecosystems. Additionally, it is active in the skill-based real money gaming (RMG) segment and is also engaged in esports events and offers a multi-sports content platform catering to sports enthusiasts in India and the United States.

Detailed order of the Commission will follow.

 

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NB/AD

(Release ID: 2130050)