Block Deal: Morgan Stanley buys Rs 69 crore stake in Nazara Technologies

Synopsis

Morgan Stanley Asia Singapore bought shares price ₹69.2 crore in Nazara Technologies by a block deal, buying 28.85 lakh shares from Think India Opportunities Grasp Fund as the gaming company continues world expansion and posts right revenue and EBITDA growth.

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Morgan Stanley Asia Singapore Pte bought shares price about Rs 69.2 crore in gaming firm Nazara Technologies by a block deal on Tuesday, alternate files confirmed. The realm investment bank bought 28.85 lakh shares of Nazara Technologies at Rs 239.8 apiece. The shares had been sold by Think India Opportunities Grasp Fund LP, which offloaded an the same alternative of shares on the identical model.

The block deal comes at a time when Nazara’s stock has been below strain available within the market. Over the past one month, the shares bear declined about 12%, reflecting broader volatility in mid-cap know-how and gaming shares to boot to revenue booking after earlier features.

Nazara Technologies, India’s simplest listed gaming company, operates a assorted gaming and digital media platform spanning cellular gaming, esports, ad tech and younger of us’s training know-how.

The company’s portfolio involves titles and platforms similar to Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship and Sportskeeda, at the side of offline gaming brands like Funky Monkeys and Smaaash Entertainment. Nazara also owns Datawrkz, a digital promoting know-how industry.

The Mumbai-basically basically based firm has been expanding globally, with operations spanning India, North The United States and other world markets, and has been pursuing growth by a aggregate of natural expansion, intellectual property vogue and strategic investments.

Nazara reported right operational performance in its newest quarterly outcomes. For the December quarter (Q3FY26), the company posted revenue of Rs 406 crore, while EBITDA rose 29% year-on-year to Rs 68 crore, with margins improving to 16.7%.

For the principle 9 months of FY26, Nazara reported revenue of Rs 1,431 crore, which is a 30% expand from a year earlier. EBITDA for the period of the period rose 73% YoY to Rs 177 crore.

Verbalize for the period of the quarter used to be supported by improved subscriber traction in Kiddopia, pushed by investments in user acquisition, analytics and product vogue. The company also expanded its intellectual property footprint, including the open of Animal Jam on Roblox, aimed at leveraging platform-led growth opportunities.

The board also recently accepted new investments to toughen its articulate material and gaming pipeline. Nazara announced an investment in nCore Games, the developer within the encourage of the Made in India gaming franchise FAU-G, and accepted a principal capital infusion of up to Rs 15 crore into Rusk Media, a cellular-first leisure platform focused on Gen-Z and Gen-Alpha audiences.

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