Happy Tuesday! With user growth stagnating, Zomato and Swiggy are prodding existing customers to order more. This and more in todays ETtech Morning Dispatch.
Mitter Infotech LLP sells 6.38% stake in Nazara Technologies to Plutus Wealth Management, providing liquidity for promoters while retaining control. Nazara reports 43% increase in quarterly profit after tax.
Today, Mitter Infotech, the promoter of gaming and esports company Nazara Technologies, completed an on-market block deal by selling 48.84 lakh shares, equivalent to 6.38% equity, to Plutus Wealth Management.