Latest News | Nazara Shareholding to Fall Below 50 Pc in Nodwin After Fresh Funding Round

New Delhi, Jul 16 (PTI) Digital gaming and e-sports firm Nazara Technologies' shareholding in its subsidiary Nodwin will fall below 50 per cent after a fresh funding round, the company said in a regulatory filing.

Nodwin Gaming has intimated to Nazara about its proposal to raise fresh capital from certain existing shareholders to pursue aggressive growth in its esports and youth media business.

Also Read | What Is Chakshu? How To Report Fraud Communication? All You Need To Know As Govt Launches New Tool To Fight Online Scam Calls, Fraud SMS and WhatsApp Messages.

"The company, in line with its sharper strategic focus on core gaming IPs, has decided not to participate in the proposed capital raise by Nodwin. Consequently, the proposed capital raise will result in the shareholding of the Company in Nodwin falling below 50 per cent," Nazara said in the filing.

Nodwin is an e-sports platform of Nazara which owns properties like Dreamhack, Comic Con.

Also Read | PM Kisan Samman Nidhi Yojana 20th Installment Date: Eligible Farmers To Receive INR 2000 in Their Bank Accounts on This Day; Check Eligibility, e-KYC and Beneficiary Status To Avoid Delays.

Nazara held a 52.1 per cent stake in Nodwin Gaming in 2023-24.

Nodwin had posted revenue of Rs 523.8 crore in the financial year 2025.

"The Company will remain the largest shareholder in Nodwin even post de-subsidiarisation, and Nodwin will be reclassified as an associate of the Company," Nazara said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)