NAZARA

Aug 25 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• APPROVES GBP 1.26 MILLION LOAN TO UK SUBSIDIARY

• APPROVES 1 BILLION RUPEES INTER-SE LOANS TO NAZARA UK

Source text: ID:nBSE2KjBHG

Further company coverage: NAZA.NS

(([email protected];))

Adds details, background and shares from paragraph 3 onwards

Aug 22 (Reuters) - India's Nazara Tech NAZA.NS said on Friday its associate firm, Moonshine Technologies, which operates PokerBaazi and other card-based platforms, has ceased offering online games played with money.

Shares of the company extended losses after the announcement and were trading 3.6% lower.

Moonshine's move follows a slew of firms suspending online games played with money, including WinZO, Mobile Premier League and Zupee after India's parliament passed a bill to ban such online games, citing high financial risks and psychological harm.

Head Digital Works, which operates A23 Rummy and A23 Poker, also said it has closed all online money games.

Nazara shares have fallen about 17% since Wednesday after Reuters reported plans for the proposed bill.

"The company will evaluate the future course of action following the enactment of the bill," Nazara said.

(Reporting by Manvi Pant; Editing by Mrigank Dhaniwala)

(([email protected]; +918447554364;))

Adds IT minister comment, source feed and context paragraph 4, 6, 9, 11

By Aditya Kalra and Aftab Ahmed

BENGALURU, Aug 21 (Reuters) - India's parliament on Thursday passed a bill to ban online games played with money in a move that threatens the survival of the popular fantasy gaming sector, after Prime Minister Narendra Modi's government flagged the high risk of financial harm.

The sudden ban has shocked an industry backed by venture capital firms like Tiger Global and Peak XV Partners and which was set to be worth $3.6 billion in India by 2029.

Executives fear imminent job losses and a complete shutdown of many app-based businesses which attracted billions from foreign investors.

The bill prohibits "harmful" online money gaming services, advertisements and financial transactions related to them, with the government also citing the psychological harm they can cause.

"It is the duty of the government and the parliament to take strict action against social evils, which keep erupting time and again," federal IT minister Ashwini Vaishnaw said in parliament on Thursday.

India's upper house of parliament passed the Promotion and Regulation of Online Gaming Bill 2025 after the lower house cleared it earlier this week. The president must sign the bill into law which, although there is no set date, is considered a formality.

Indian gaming groups are holding discussions with lawyers about approaching the Supreme Court to challenge the ban by citing a lack of consultation, the impact on the thriving industry, and how some games being banned like poker are skill-based and should be exempted, two gaming industry sources with direct knowledge of the matter said.

Endorsements by top Indian cricketers and other marketing efforts have boosted the appeal of apps such as Dream11 and Mobile Premier League, where virtual cricket teams are created based on real players, earning points based on the runs, wickets and catches of an actual match.

Dream11's app on Thursday showed it cost as little as 29 rupees (33 cents) to create a team and join a "prize pool" which is then split among thousands of winners with a top payout of 300,000 rupees ($3,438).

Dream11 commands a valuation of $8 billion while Mobile Premier League is valued at $2.3 billion, PitchBook data shows. Other popular gaming apps in India include Games24X7, which offers card games like rummy and poker, Zupee and WinZO.

The new bill states that anyone who offers money games after the law comes in force could face a jail term of up to three years and a fine.

(Additional reporting by Abinaya Vijayaraghavan; Editing by Kirsten Donovan)

(([email protected];))

** Indian gaming platform operators Nazara Tech NAZA.NS and Delta Corp DELT.NS fall 4.4% and 3.3%, respectively

** India plans to ban online games played with money, Reuters reports, citing a proposed bill

** NAZA set for worst day in seven months

** Bill says no person "shall offer, aid, abet, induce or otherwise indulge or engage in" the offering of online money games and such services, adding that anyone who offers such money games could face a jail term of up to 3 years and a fine - report

** India's IT Ministry, which drafted the bill, did not respond to Reuters request for comment

** NAZA says it does not see material impact from new bill as it does not have direct exposure to so-called real money games

** YTD, DELT down 19% vs NAZA's 32% climb

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

June 27 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - ANNOUNCES ACQUISITION OF PRIME TIMER IP RIGHTS

• NAZARA TECHNOLOGIES LTD - ACQUISITION VALUED AT USD 500,000

Source text: ID:nBSEcgqY4w

Further company coverage: NAZA.NS

(([email protected];))

June 25 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES - ACQUISITION OF 92.30% OF AFK GAMING EXTENDED TO JULY 30, 2025

Source text: ID:nBSE1ttDDV

Further company coverage: NAZA.NS

(([email protected];))

June 16 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• APPROVED ALLOTMENT OF 5 MILLION SHARES ON PREFERENTIAL BASIS AT 990 RUPEES/SHARE

• ALLOTMENT OF SHARES TO AXANA ESTATES LLP

Source text: ID:nBSE3np4sC

Further company coverage: NAZA.NS

(([email protected];;))

May 7 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES - NCLT APPROVES NAZARA'S RESOLUTION PLAN FOR SMAAASH ENTERTAINMENT

Source text: ID:nBSE2J50n7

Further company coverage: NAZA.NS

(([email protected];))

March 25 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - SELLS 71.54% STAKE IN SUPL

Source text: ID:nBSE3gJlmX

Further company coverage: NAZA.NS

(([email protected];;))

Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES - ACQUIRES 8.97% EQUITY IN ABSOLUTE SPORTS FOR 691.7 MILLION RUPEES

• NAZARA TECHNOLOGIES LTD - INCREASES STAKE IN ABSOLUTE SPORTS TO 100%

Source text: ID:nBSE798QGL

Further company coverage: NAZA.NS

March 17 (Reuters) - Hasbro Inc HAS.O:

• NAZARA TECHNOLOGIES LTD - HASBRO AND KIDDOPIA PARTNER

Source text: [ID:]

Further company coverage: HAS.O

(([email protected];))

March 10 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NODWIN GAMING EXTENDS EUR 1.6 MILLION GUARANTEE FOR FREAKS 4U GAMING

Source text: ID:nNSE1MDy5h

Further company coverage: NAZA.NS

(([email protected];;))

March 5 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - REMITS USD 1 MILLION TO ZEPTOLAB UK

Source text: ID:nNSEj4b1y

Further company coverage: NAZA.NS

(([email protected];))

Feb 24 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - ACQUIRED 38.57% OF SHARE CAPITAL OF FUNKY MONKEYS FOR 287 MILLION RUPEES

Source text: ID:nNSE5gtJXx

Further company coverage: NAZA.NS

(([email protected];;))

Feb 18 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - ACQUIRES 22% EQUITY IN DATAWRKZ

• NAZARA TECHNOLOGIES LTD - PAYS 120 MILLION RUPEES AS FIRST TRANCHE

Source text: ID:nBSE1DpW0B

Further company coverage: NAZA.NS

(([email protected];;))

Feb 13 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES DEC-QUARTER CONSOL NET PROFIT 306.8 MILLION RUPEES

• NAZARA TECHNOLOGIES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.35 BILLION RUPEES

Further company coverage: NAZA.NS

(([email protected];))

Jan 20 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• OPEN OFFER BY AXANA ESTATES, PLUTUS WEALTH MANAGEMENT, JUNOMONETA FINSOL

• OPEN OFFER TO ACQUIRE UP TO 26% STAKE IN CO

• OPEN OFFER MADE AT 990 RUPEES PER SHARE

Source text: ID:nBSE36ft5n

Further company coverage: NAZA.NS

(([email protected];;))

** Shares of gaming and e-sports firm Nazara Technologies NAZA.NS rise 4.3% to 973.4 rupees, their biggest one-day gain since Nov. 26, 2024

** Co says it will consider issuing equity shares/securities on preferential basis on Jan. 20

** Also increases stake in Absolute Sports to 91.03% by buying another 9.09% stake for 727.3 million rupees ($8.41 million)

** Stock sees busiest day in more than seven weeks, with over 850,000 shares traded, over twice its 30-day avg

** Analysts' avg rating on stock is "hold;" their median PT is 905 rupees - data compiled by LSEG

** Stock gained 18% in 2024

($1 = 86.4690 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Jan 15 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• FUSEBOX GAMES PARTNERS WITH BANIJAY RIGHTS

Source text: ID:nBSEbZtWrF

Further company coverage: NAZA.NS

(([email protected];;))

Jan 10 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - NINJA GLOBAL TRANSFERS 100% SHAREHOLDING IN NINJA TURKEY TO NODWIN UAE

Source text: ID:nNSE13KFpg

Further company coverage: NAZA.NS

(([email protected];))

Jan 3 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - ACQUIRES 47.02% OF MOONSHINE TECHNOLOGY

• NAZARA TECHNOLOGIES LTD - ACQUIRES 35.07% OF MTPL EQUITY SHARES

• NAZARA TECHNOLOGIES LTD - TOTAL CONSIDERATION FOR ACQUISITION IS 8.20 BILLION RUPEES

Source text: ID:nBSE1z3hb2

Further company coverage: NAZA.NS

(([email protected];))

Dec 17 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• PAPER BOAT APPS ANNOUNCES LICENSING AGREEMENT WITH MOONBUG ENTERTAINMENT

Source text: ID:nBSE5Dz2l7

Further company coverage: NAZA.NS

(([email protected];;))

Dec 13 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - NODWIN GAMING ACQUIRES 100% OF TRINITY GAMING

• NAZARA TECHNOLOGIES LTD - ACQUISITION VALUED AT 240 MILLION RUPEES

Source text: ID:nBSE7wcj1X

Further company coverage: NAZA.NS

(([email protected];))

Dec 4 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES LTD - NAZARA & LYSTO SIGN LOI

Source text: ID:nBSE9nNmmX

Further company coverage: NAZA.NS

(([email protected];))

Dec 2 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• NAZARA TECHNOLOGIES- TO MAKE INVESTMENT OF UPTO 437 MILLION RUPEES IN FUNKY MONKEYS PLAY CENTRE

• NAZARA TECHNOLOGIES- TO INFUSE PRIMARY FUNDS UPTO 640 MILLION RUPEES INTO NODWIN GAMING

• NAZARA TECHNOLOGIES- TO INFUSE PRIMARY FUNDS UPTO 150 MILLION RUPEES INTO DATAWRKZ BUSINESS SOLUTIONS

• NAZARA TECHNOLOGIES - TO MAKE INVESTMENT OF UP TO 41.7 MLN RUPEES IN BENINJA SOLUTIONS

• NAZARA TECHNOLOGIES - ANNOUNCES FIVE INVESTMENTS TOTALLING 1.96 BLN RUPEES

• NAZARA TECHNOLOGIES- EXPANDS INTO PHYSICAL GAMING AND ENTERTAINMENT WITH 60% STAKE IN FUNKY MONKEYS

• NAZARA TECHNOLOGIES - INVESTMENTS TO DRIVE GROWTH ACROSS GAMING, ENTERTAINMENT

Source text: [ID:]

Further company coverage: NAZA.NS

(([email protected];))

Nov 29 (Reuters) - Nazara Technologies Ltd NAZA.NS:

• UNIT ACQUIRES TRINITY GAMING INDIA

• DEAL FOR 240 MILLION RUPEES

Further company coverage: NAZA.NS

(([email protected];;))

** Shares of gaming and e-sports firm Nazara Technologies NAZA.NS rise 2.2% to 932 rupees

** NAZA's Q2 profit and revenue climb 31% and 7%, respectively, helped by a 105% increase in its non-core income

** NAZA on track for third-straight day of gains, if trend holds

** Analysts' avg rating on stock is "hold;" their median PT is 898.5 rupees - LSEG

** Stock up 8.3% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Nazara Technologies NAZA.NS rise 2% to 899.65 rupees

** The gaming and e-sports platform launches in-game monetisation platform for ONDC, a government-backed public e-commerce platform

** NAZA is the only gainer in the media index .NIFTYMED which is down 2.1% - LSEG data

** NAZA shares up 5% in 2024 so far compared to 21.1% drop in media index this year

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of gaming and sports media platform Nazara Technologies NAZA.NS rise as much as 3.5% to 950 rupees

** NAZA's unit Datawrkz has acquired a 100% stake in Space & Time, a marketing agency with offices across the UK, for about 4.8 mln pounds ($6.3 mln)

** Deal to advance Datawrkz's growth across Europe and North America in global digital advertising market

** Stock on track for third straight session of gains, if trend holds

** Avg rating of nine analysts equivalent of "hold", median PT is 900 rupees - LSEG data

** Stock up 9.4% YTD

($1 = 0.7683 pounds)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))