The Competition Commission of India (CCI) has approved the acquisition of majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited.

The combination relates to the acquisition of majority stake/control over Nazara Technologies Limited by Axana Estates LLP, an LLP involved in real estate and investment activities; Plutus Wealth Management LLP, engaged in stock and commodity broking and trading; and Junomoneta Finsol Private Limited, active in proprietary stock broking and trading in equity, commodity, and derivative markets.

Nazara Technologies operates as a diversified platform in gaming and sports media, covering interactive gaming, esports, and advertising technology. It is also active in skill-based real money gaming and offers multi-sports content to audiences in India and the United States.

The detailed order of the Commission will follow.

Source:Press Information Bureau, Competition Commission of India