Technologies Limited informs the Exchange regarding 'Intimation
As filed · Nazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming P
What happened
FactNazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, material subsidiary of Nazara Technologies Limited'. acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, material subsidiary of. acquisition of 92.30% of the equity share capital, of AFK from the Sellers for an aggregate consideration of…
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnMy stated vision is Nodwin wants to be a $1 billion revenue company in the next five to seven years.
Nazara is expected to operate at a materially greater scale from Q2FY27.
Change
FactImplication
CapitSignal interpretationMargins
RevisedGenerally, the gaming business, as you see this quarter has delivered a 24% odd margin and we will continue to drive all our gaming businesses towards a 30% margin goal.
The core business in itself is very profitable and if you were to dial down the marketing spends today, you would see a large amount of profitability been thrown up by the core business.
Change
FactImplication
CapitSignal interpretationGuidance
DelayedI think we're making great progress. Our guidance has been to achieve INR 300 crores EBITDA by FY27 and I believe we are very much on track to achieve that or surpass that.
My stated vision is Nodwin wants to be a $1 billion revenue company in the next five to seven years.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- Nazara is expected to operate at a materially greater scale from Q2FY27. (management committed by Q2 FY27)
- Subject to closing, the businesses are expected to be consolidated into Nazara’s financial results from Q2FY27 (management committed by Q2 FY27)
Evidence
- Nazara Technologies Limited informs the Exchange regarding 'Intimation under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on acquisition of AFK Gaming Private Limited by Nodwin Gaming Private Limited, material subsidiary of Nazara Technologies Limited'.(opens the original filing in a new tab)
- Earlier statement · Q2 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY26
- Latest statement · Q1 FY26
- Earlier statement · Q1 FY26
- Latest statement · Q2 FY26
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%