{"id":855916,"date":"2024-09-17T09:26:54","date_gmt":"2024-09-17T03:56:54","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=855916"},"modified":"2024-09-17T09:59:12","modified_gmt":"2024-09-17T04:29:12","slug":"nazara-technologies-acquires-47-7-stake-in-moonshine-technology-for-rs-832-crores","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/17\/nazara-technologies-acquires-47-7-stake-in-moonshine-technology-for-rs-832-crores\/","title":{"rendered":"Nazara Technologies acquires 47.7% stake in Moonshine Technology for Rs 832 crores"},"content":{"rendered":"<p>Nazara Technologies Limited has acquired a 47.7% stake in Moonshine Technology Private Limited (MTPL), the parent company of PokerBaazi, for Rs 832 crores through a secondary transaction. Additionally, Nazara will invest Rs 150 crores in primary capital into Moonshine via compulsory convertible preference shares. <\/p>\n<p>\u201cThis investment in Moonshine Technology represents a significant step in our journey to strengthen Nazara\u2019s position as India\u2019s dominant diversified gaming platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nazara Technologies Limited has acquired a 47.7% stake in Moonshine Technology Private Limited (MTPL), the parent company of PokerBaazi, for Rs 832 crores through a secondary transaction. Additionally, Nazara will invest Rs 150 crores in primary capital into Moonshine via compulsory convertible preference shares. \u201cThis investment in Moonshine Technology represents a significant step in our journey to strengthen Nazara\u2019s position as India\u2019s dominant diversified gaming platform.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-855916","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=855916"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/855916\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=855916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=855916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=855916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}