Nazara Tech shares jump 4%, hit 52 week on cos plans to acquire stake in PokerBaazi parent
Shares of Nazara Technologies gained over 4% to hit a fresh 52-week high of Rs 1,048.80 on the NSE after the company announced plans to acquire a 47.7% stake in Moonshine Technology Private Limited (MTPL) for Rs 832 crore. Additionally, Nazara will inject Rs 150 crore in primary capital into Moonshine via compulsory convertible preference…
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