Nikhil Kamath-Backed Nazara Tech Gains On Doubling Down On Singapore Bet

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.

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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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