India, March 19 -- Listed gaming major Nazara Technologies has bought an additional 8.97% stake in Absolute Sports Private Limited, making the parent company of Sportskeeda its wholly-owned subsidiary.

Nazara, which first acquired 6.05% stake in Absolute Sports for INR 19.99 Cr in 2022, has acquired the remaining stake for INR 69.17 Cr.

Also, in December last year, the gaming giant picked up an additional 10.26% stake in Absolute Sports for INR 72.73 Cr.

".we wish to inform you that the company has acquired 18,330 equity shares of INR 1/- each, representing 8.97% of the equity share capital of Absolute, from the Sellers against payment of sale consideration of INR 69.17 Crores," Nazara said in an exchange filing today (March19). .

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