Nazara Technologies Calls Off ₹16 Cr Acquisition Amid New Gaming Law
🎮 NAZARA has terminated its ₹15.9 crore acquisition deal with 13 Interactive Inc. for Moonshine Technology Pvt. Ltd. The move follows the Promotion and Regulation of Online Gaming Act, 2025, which bans real-money online gaming, including poker, in India. The agreement, signed in Sept 2024, was scrapped due to the “material adverse effect” caused by the new law. Nazara shares closed 1.65% higher at ₹1,158.25 on Friday.
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