The block deal comes at a time when Nazara’s stock has been under pressure in the market. Over the past one month, the shares have declined about 12%, reflecting broader volatility in mid-cap technology and gaming stocks as well as profit booking after earlier gains.
Nazara Technologies, India’s only listed gaming company, operates a diversified gaming and digital media platform spanning mobile gaming, esports, ad tech and children’s education technology.
The company’s portfolio includes titles and platforms such as Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship and Sportskeeda, along with offline gaming brands like Funky Monkeys and Smaaash Entertainment. Nazara also owns Datawrkz, a digital advertising technology business.
The Mumbai-based firm has been expanding globally, with operations spanning India, North America and other international markets, and has been pursuing growth through a mix of organic expansion, intellectual property development and strategic investments.
Nazara reported strong operational performance in its most recent quarterly results. 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 first nine months of FY26, Nazara reported revenue of Rs 1,431 crore, which is a 30% increase from a year earlier. EBITDA during the period rose 73% YoY to Rs 177 crore.Growth during the quarter was supported by improved subscriber traction in Kiddopia, driven by investments in user acquisition, analytics and product development. The company also expanded its intellectual property footprint, including the launch of Animal Jam on Roblox, aimed at leveraging platform-led growth opportunities.
The board also recently approved fresh investments to strengthen its content and gaming pipeline. Nazara announced an investment in nCore Games, the developer behind the Made in India gaming franchise FAU-G, and approved a primary capital infusion of up to Rs 15 crore into Rusk Media, a mobile-first entertainment platform targeting Gen-Z and Gen-Alpha audiences.