Majority stake in NODWIN Gaming acquired by Nazara

On January 23, 55% stake of NODWIN Gaming Pvt. Ltd, a Gurugram-based gaming solutions company and creator of e-sports events, has been acquired by Mobile games publisher Nazara Technologies Ltd. through a cash-and-stock deal. The eSports company will collaboratively concentrate on the expansion of online and offline consumption of e-sports games in India, along with the West Asian and African markets and individually, it will function as its subsidiary.

“esports is one of the fastest growing sports worldwide. This acquisition by Nazara Games adds to the credibility of NODWIN and opens up a wide vista of opportunities for Indian esports players to build careers domestically and internationally. It strengthens our ability to provide our key stakeholders better experiences and bigger opportunities to engage with our community,” said Akshay Rathee, Co-Founder of NODWIN.

Jerome Merchant + Partners with a team led by Partner Murtaza Somjee along with Associate Minal Sangatwani, advised Nodwin Gaming, its Founder Promoter Akshat Rathee and other founder shareholders including Jet Synthesis Pvt. Limited.

Cyril Amarchand Mangaldas and the team was led by Partner Arjun Lall along with Associate Malavika Chandu.

With the acquisition, Nazara plans to create gaming tournaments in India, including localized content around global events and expand on its partnership with publishers and advertisers.