You Won't Believe What Nazara Tech Just Did to Shake Up the Gaming Industry!

Nazara Tech, a renowned gaming and sports media company, has made a significant move to expand its presence in the digital gaming landscape. In a bold and strategic move, Nazara Tech has acquired a substantial stake in Paper Boat Apps, a mobile gaming company known for its innovative and engaging titles.

The acquisition, which was announced in a press release, revealed that Nazara Tech has acquired 5,157 equity shares of Rs 10 each, representing 48.42% of the equity share capital of Paper Boat Apps. The shares were purchased from the founding shareholders, Anupam Dhanuka and Anshu Dhanuka, in a deal worth Rs 300 crore.

The acquisition of Paper Boat Apps is a significant development in the gaming industry, as it marks a major expansion of Nazara Tech's portfolio and strengthens its position in the market. Paper Boat Apps is known for its expertise in developing mobile games that are highly engaging and immersive, and its titles have gained a significant following in the gaming community.

With this acquisition, Nazara Tech is poised to leverage Paper Boat Apps' expertise and expand its offerings in the mobile gaming space. The company plans to utilize Paper Boat Apps' capabilities to develop new and innovative titles that will cater to the growing demand for mobile gaming worldwide.

The acquisition is also a testament to Nazara Tech's commitment to investing in emerging technologies and talent. By partnering with Paper Boat Apps, Nazara Tech aims to tap into the vast potential of the mobile gaming market and create new opportunities for growth and innovation.

Anupam Dhanuka and Anshu Dhanuka, the founding shareholders of Paper Boat Apps, will continue to play a key role in the company's operations, ensuring that the acquisition does not disrupt the creative and innovative spirit that has driven Paper Boat Apps' success so far.

The acquisition of Paper Boat Apps by Nazara Tech is a significant milestone in the gaming industry, and it is expected to have a major impact on the market. As the gaming industry continues to evolve and expand, partnerships like this one are likely to become more common, as companies look to leverage each other's strengths and create new opportunities for growth and innovation.