India, March 26 -- Listed gaming major Nazara has divested its entire 71.54% stake in Sports Unity, the company behind the multi-player quiz game 'Qunami', for INR 7.15 Lakh.

Nazara had purchased a controlling stake in Delhi NCR-based mobile game developer Sports Unity Private Limited (SUPL) for INR 7.5 Cr in 2019.

In an exchange filing, Nazara stated that it entered into a share purchase agreement with its subsidiary Sports Unity and Shyamal Mehta for the sale and transfer of a 71.54% stake in SUPL.

With the completion of the deal, SUPL is no longer a subsidiary of Nazara Technologies, effective March 25.

SUPL does not have any business operations and had a negative net worth of INR 0.45 Cr at the end of March 2024 (FY24), the filing...