Nazara Technologies Invests ₹43.7 Crore to Acquire 60% Stake in Funky Monkeys

Nazara Technologies Ltd has strengthened its portfolio by acquiring a 60% stake in Funky Monkeys, making it a subsidiary. This strategic move aligns with Nazara’s expansion into the interactive entertainment and gaming sectors.

Investment in Funky Monkeys Play Centre Private Limited

 Nazara Technologies Limited has made a strategic investment in Funky Monkeys Play Centre Private Limited. The company has been allotted 3,61,773 equity shares, each valued at ₹10, representing 21.43% of the company’s equity share capital. This allotment was made against a subscription payment of ₹15 crores.

Acquisition of Additional Stake

Along with the allotted shares, Nazara Technologies has also purchased an additional 6,51,204 equity shares from existing shareholders. These shares, each valued at ₹10, account for 38.57% of the company’s equity capital and were acquired for a cash consideration of ₹28.7 crores.

Nazara’s Majority Ownership

With the completion of this transaction, Nazara Technologies now holds 60% of the total equity share capital of Funky Monkeys. This majority stake means that Funky Monkeys has officially become a subsidiary of Nazara Technologies Limited.

About the companies 

Nazara Technologies Limited is a well-known gaming and sports media company with a presence in India, the Middle East, Africa and Europe. It specialises in interactive gaming, e-sports and gamified learning, catering to a diverse audience across multiple platforms.  

Funky Monkeys Play Centre Private Limited, Funky Monkeys is a leading indoor play centre designed exclusively for children, offering a safe and engaging environment for fun activities. It operates multiple outlets across India, focusing on providing entertainment and physical development for young kids.

Share Performance 

As of February 25, 2025, at 9:30 AM, the shares of Nazara Technologies Ltd are trading at ₹933 per share, reflecting a surge of 1.63% from the previous day’s closing price. Over the past month, the stock has registered a loss of 1.49%. The stock’s 52-week high stands at ₹1,117 per share, while its 52-week low is ₹591.50 per share.

Conclusion

Nazara Technologies’ acquisition of a 60% stake in Funky Monkeys marks a strategic expansion into the children’s entertainment sector. This move strengthens its portfolio in interactive entertainment, aligning with its broader vision of diversification in gaming and experiential play. The acquisition reinforces Nazara’s market presence while enabling Funky Monkeys to leverage its expertise for further growth and innovation in the indoor play industry.

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