Shares of Nazara Technologies were gaining on Friday after the firm said unit Nodwin Gaming would make an additional investment into Nodwin Singapore.
What Happened: 41,5 The company said Nodwin Gaming would pour in another $4.9 million (₹41.5 crore) into the Singapore subsidiary.
Nazara Tech said the purpose of the investment was expansion into international markets, without going into further details.
The gaming and e-sports firm has recently been making inroads in overseas markets, especially Singapore. The company recently inked a deal to buy a 82.81% stake in gaming marketing agency PublishMe for $2 million (16.6 million).
Price Action: Nazara Tech’s share price was up 0.78% at ₹861.10 in the afternoon session of trade on Friday amid weak broader market cues.
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