MUMBAI: Nazara Technologies Ltd has acquired a controlling 60 per cent stake in Funky Monkeys Play Centre Pvt Ltd through a two-part transaction valued at approximately Rs 43.7 crore the company announced last week (on 24 February).

The gaming and sports media platform completed the acquisition through a combination of fresh equity subscription and purchase of shares from existing shareholders. Nazara first subscribed to 361,773 newly issued equity shares at Rs 10 each for Rs 15 crore, securing a 21.43 per cent stake in Funky Monkeys.

In the second leg of the transaction, also completed today, Nazara purchased an additional 651,204 shares from existing shareholders for Rs 28.7 crore, bringing its total ownership to 60 per cent of the play centre operator's equity share capital.

As a result of the transaction, Funky Monkeys Play Centre has become a subsidiary of Nazara Technologies, which had previously disclosed its acquisition plans in a regulatory filing on 2 December 2024.

The regulatory filing confirms that the transaction complies with Regulation 30 of the SEBI Listing Regulations, with Nazara having now informed stock exchanges of the completed acquisition.

Funky Monkeys operates indoor play centres for children across India, adding to Nazara's growing portfolio of gaming and entertainment businesses.