Nazara Technologies, a leading gaming and sports media company headquartered in Mumbai, Maharashtra, India, witnessed a 3% surge in its share price on May 8, 2025, following the National Company Law Tribunal’s approval of its acquisition of Smaaash Entertainment. The company also finalized the sale of a major stake in Openplay Technologies to Moonshine Technology.
Nazara Technologies, a prominent India-based gaming and sports media company, saw its stock price rise by nearly 3% following approval from the National Company Law Tribunal (NCLT), Mumbai, for its acquisition of Smaaash Entertainment Private Limited.
On May 7, 2025, the NCLT passed an order approving the resolution plan submitted by Nazara Technologies to acquire Smaaash, which had been undergoing corporate insolvency proceedings under the Insolvency and Bankruptcy Code, 2016. The approval is subject to minor modifications regarding the effective date.
Nazara Technologies informed both the National Stock Exchange (NSE) and BSE Ltd about the tribunal’s decision, signaling a strategic boost to the company’s future growth in the entertainment segment.
In a related development, Nazara also reported the successful completion of a stake sale in Openplay Technologies Private Limited, its gaming subsidiary. The company sold 94.86% equity, amounting to 11,105 shares, to Moonshine Technology Private Limited, an associate company. The deal, valued at ₹104.34 crore, was settled through the issuance of 1,99,890 Compulsorily Convertible Preference Shares (CCPS) of Moonshine.
Post-transaction, Openplay is no longer a direct subsidiary of Nazara but is now under Moonshine, in which Nazara maintains a 46.07% stake. Including new allotments, Nazara now holds 4,87,266 CCPS in Moonshine.
The market responded positively to the twin announcements. On May 8, 2025, Nazara Technologies’ stock opened at ₹1,073 on the BSE and reached an intraday high of ₹1,103.70, indicating robust investor confidence.
