Nazara Technologies Increases Stake in Subsidiary Funky Monkeys to 68.10%
Nazara Technologies acquired an additional 4.10% stake in its subsidiary, Funky Monkeys Play Centre Private Limited, for ₹1.90 crore. The company's shareholding in Funky Monkeys now stands at 68.10%. This acquisition was completed on September 03, 2026.
The acquisition of a small percentage in a subsidiary, while positive, is unlikely to have a significant immediate impact on the overall financials of Nazara Technologies, hence the medium impact.
The company has increased its stake in a subsidiary, which is generally a positive development for consolidating control and potentially future growth.
Nazara Technologies Limited announced on September 03, 2026, that it has acquired an additional 4.10% stake in its subsidiary, Funky Monkeys Play Centre Private Limited. This acquisition was made through a secondary purchase of 75,972 equity shares of ₹10 each from Ms. Binita Putcha, one of the founders of Funky Monkeys. The total consideration paid for this transaction amounted to ₹1,90,00,000 (Rupees One Crore Ninety Lakh only).
Following this acquisition, Nazara Technologies' shareholding in Funky Monkeys has increased from the previous 64.00% to the current 68.10% of the total equity share capital. This disclosure was made in compliance with Regulation 30 of the SEBI Listing Regulations.
A plain-language summary of a public exchange filing by Nazara Technologies Limited. Read the original for the full detail.