Nazara Technologies: Announcement under Regulation 30 (LODR)-Updates on Acquisition

With reference to above and further to our letter dated August 27 2021 and in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations 2015 as amended (Listing Regulations) and pursuant to the Acquisition Agreement dated August 27 2021 executed amongst the Company OpenPlay Technologies Private Limited (OpenPlay) Unnati Management Consultants LLP and Sreeram Reddy Vanga (Sellers) (Acquisition Agreement) as referred to in our above communication we hereby inform you that the Company today has acquired 2 330 equity shares of Rs 10/- each in OpenPlay and paid the consideration of INR 43.43 crores to the respective sellers for the same. With this the acquisition of equity shares under first closing of the Acquisition Agreement is completed and the Company now holds 23.30 % of the issued and paid up share capital in OpenPlay.