Nazara acquires 47.7% stake in PokerBaazi parent Moonshine for Rs 982 Crore

BENGALURU: Gaming and sports media company Nazara Technologies Limited has acquired a 47.7% stake in Moonshine Technology, the parent company of the online poker gaming platform PokerBaazi, for Rs 832 crore through a secondary transaction.

Additionally, Nazara will invest Rs 150 crore in primary capital into Moonshine via compulsory convertible preference shares, as per the company’s filings.