Overview

• Nazara confirmed in a BSE filing that it will not participate in NODWIN’s fresh round of capital, causing its ownership to drop below 50%.
• The company will waive certain majority-shareholder rights, including veto powers, resulting in NODWIN no longer qualifying as a subsidiary.
• Nazara said the move aligns with its strategy to concentrate resources on developing proprietary gaming IP rather than non-core segments.
• The fresh capital infusion from existing investors is intended to give NODWIN greater operational and financial flexibility to drive global esports and youth media expansion.
• Shareholders will vote on de-subsidiarisation at the August 13 meeting, after which Nazara and NODWIN will sign detailed agreements to formalize the new arrangement.