CCI Approves Acquisition of Majority Stake in Nazara Technologies
ECONOMY & POLICY

CCI Approves Acquisition of Majority Stake in Nazara Technologies

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

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

Next Story
Building Material

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..

Next Story
Infrastructure Urban

PM Modi Inaugurates and Lays Foundation for Projects in Andhra Pradesh

Prime Minister Narendra Modi inaugurated and laid the foundation stones for multiple projects worth Rs 134.3 billion in Andhra Pradesh. The initiatives span key sectors including infrastructure, energy, and urban development, aimed at boosting regional growth and job creation.In Visakhapatnam, the Prime Minister dedicated several completed infrastructure projects to the nation, while in Nandyal and West Godavari, he laid foundations for renewable energy and water resource developments. These projects align with the government’s focus on improving connectivity, expanding industrial potential,..

Next Story
Infrastructure Transport

MSRDC to Monetise Land Assets to Finance Key Infrastructure Projects

The Maharashtra State Road Development Corporation (MSRDC), led by Chief Minister Eknath Shinde, plans to monetise its land holdings to fund future infrastructure projects. The Corporation intends to lease land parcels for up to 99 years, with some earmarked for joint development or sale.MSRDC has been designated as the special planning authority for several strategic regions, including 19 growth centres along the Mumbai–Goa Expressway, 18 nodes on the Samruddhi Mahamarg, and development zones near the Pune Outer Ring Road, Shaktipeeth Highway, and Mumbai–Pune Expressway.The agency is prio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?