Blending gaming, esports, and youth craze, this powerhouse partnership reshapes entertainment. Read on to know more.
About the Acquisition
In a groundbreaking move, NODWIN Gaming, the esports and gaming heavyweight, has acquired Comic Con India, at a valuation of Rs 55 crore. This epic crossover doesn’t just expand NODWIN’s reach, it’s a game-changer for the entertainment landscape itself.
NODWIN Gaming will acquire 100% of Comic Con India’s shares, with founders Jatin Varma and Karan Kalra joining forces as shareholders and driving the combined vision forward. The Comic Con India team becomes an integral part of NODWIN, ensuring continuity and even more amazing events for comic book nerds, cosplay enthusiasts, and all-around pop culture junkies.
NODWIN plans to amplify and diversify its reach, bringing the Comic-Con experience to new cities in India and even venturing beyond borders. The unparalleled blend of gaming, esports, comics, movies, TV shows, and more, all under one exhilarating roof. Comic Con India is redefining the industry, creating a global phenomenon that breaks down geographical and cultural barriers.
“For more than a decade, we’ve championed pop culture in India," declared Jatin Varma, Founder of Comic Con India. "Joining hands with NODWIN is the next chapter in their story, and thrilled to build something truly phenomenal together.”
Akshat Rathee, Co-founder and Managing Director of NODWIN Gaming echoes the excitement: “This partnership is about trust, vision, and expanding our entertainment horizons. Comic Con India brings a powerhouse IP, and together, we’ll conquer new markets and audiences.”
Share Price Movement
Nazara Technology is currently trading at Rs 887.65, down by 4 points or 0.45% from its previous day’s closing of Rs 891.65. The scrip opened at Rs 896.50 and touched intraday highs and lows of Rs 906.65 and Rs 880 respectively. The BSE group ‘A’ stock of face value of Rs 4 has touched a 52-week high of Rs 989.55 and a 52-week low of Rs 481.95. So far 22,711 shares have been traded on the counter.
About the company
NODWIN Gaming, a subsidiary of Nazara Technologies Ltd., is a leading player in the global gaming and esports industry, valued at USD 349 million as of May 2023. Established in 2014, it operates in South Asia, Singapore, the Middle East, and Turkey. The company focuses on building and monetising gaming and esports IPs like Leagues, Tournaments, and Reality shows. Notable investors include Nazara, KRAFTON Inc, Sony Group Corporation, and Jet Synthesys. NODWIN’s focus is on the mobile gaming and esports sector, catering to the youth demographic and expanding its Total Addressable Market (TAM).
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.