Nazara Technologies’ Nodwin Gaming Acquires Comic Con India For ₹55 Crore

Nazara Technologies’ Nodwin Gaming Acquires Comic Con India For ₹55 Crore

January 24, 2024

Nodwin Gaming, a Nazara Technologies-owned gaming company, has officially announced the acquisition of Comic Con India. The acquisition, valued at ₹55 crore, involves Nodwin Gaming obtaining 100% of the shares of Comic Con India through a mix of cash and share swaps with the founders, Jatin Varma and Karan Kalra.

Nazara Technologies will pay ₹27.5 crore in cash, with the remainder settled through a swap of shares. The entire transaction is expected to be finalized within the next 90 days, according to a statement released by Nodwin Gaming.

Jatin Varma and Karan Kalra, the founders of Comic Con India, will retain their roles, and continue to operate under Nodwin.

Moreover, the managing team at Comic Con India will also become stakeholders in Nodwin Gaming by exchanging 275 million of their Comic Con India shares for shares in Nodwin.

Commenting on the acquisition, Akshat Rathee, co-founder and managing director of Nodwin Gaming, expressed enthusiasm, and emphasized the strategic importance of the acquisition, stating, “Integration of Comic Con India will amplify and diversify the offering of Nodin to all opportunities that target the youth in India. With the continued intersection of Gaming/ Pop Culture/ esports into one interactive entertainment sector, Nodwin will add a robust IP that is scalable both in India and Internationally“.

Comic Con India (CCI) is a series of annual comic-based conventions held in India. The first edition was held in New Delhi in 2011 and over the years has expanded to other major cities in India such as Mumbai, Bangalore, Pune, Hyderabad and Ahmadabad.

Source: Mint, NDTV

Source link

In this post:
Subscribe
Notify of
Favatar
9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Favatar
29 days ago

I was suggested this web site by my cousin Im not sure whether this post is written by him as no one else know such detailed about my trouble You are incredible Thanks

Favatar
29 days ago

Ive read several just right stuff here Certainly price bookmarking for revisiting I wonder how a lot effort you place to create this kind of great informative website

Favatar
29 days ago

What i do not realize is in fact how you are no longer actually much more wellfavored than you might be right now Youre very intelligent You recognize thus considerably in relation to this topic made me in my view believe it from numerous numerous angles Its like men and women are not fascinated until it is one thing to do with Lady gaga Your own stuffs excellent All the time handle it up

Favatar
10 days ago

sitemizi hızlı bir şekilde ziyaret edebilirsiniz.

Favatar
9 days ago

sizde hemen online olarak https://steroidvip8.com/ steroid siparis verin

Favatar
9 days ago

Servislerimiz sayesinde sms onay sizde en uygun fiyatlardan mobil hesap sms telefon onay yaptırabilirsiniz.

Favatar
8 days ago

Servislerimiz sayesinde sms onay sizde en uygun fiyatlardan mobil hesap sms telefon onay yaptırabilirsiniz.

Favatar
7 days ago

sitemizi ziyaret edin SEO Fiyatları ve hakkında bilgi alın.

Favatar
7 days ago

sitemizi ziyaret edin SEO Fiyatları ve hakkında bilgi alın.

Categories