Nazara Tech Stock To Buy 55% In Programmatic Advertising

Nazara Technologies to acquire 55% stake in programmatic advertising and monetisation company Datawrkz

  • Datawrkz is valued at Rs 225 crore.
  • Nazara will acquire 33% stake for Rs 60 crore, in the first tranche by April 22.
  • Nazara reserves an option to acquire an additional 22% in the second tranche, that is expected to close in Q4FY23.
  • Of the eight analysts tracking the company, six maintained ‘buy’ and two maintained ‘sell’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 12.2%

Source: Exchange Filing, Bloomberg

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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