India, Feb. 25 -- Listed gaming major Nazara has acquired a majority stake in Mumbai-based Funky Monkeys Play Centers Private Limited for INR 43.7 Cr (around $5.01 Mn).

The transaction involved both primary and secondary capital. The company picked up 3.61 Lakh shares of Funky Monkeys at a face value of INR 10 each, representing a 21.43% stake, against subscription money of INR 15 Cr, according to exchange filings.

Nazara further said it acquired an additional 6.51 Lakh equity shares with a face value of INR 10 each, representing 38.57% of the equity share capital of Funky Monkeys, from its existing shareholders against payment of cash consideration of INR 28.7 Cr.

With the completion of the acquisition, Funky Monkeys has become a subs...