Gaming and sports media platform Nazara Technologies, on Monday, said that its promoter Mitter Infotech has sold 48.84 lakh equity shares, or 6.36 per cent of its stake in the company, to Plutus Wealth Management.The block stock deal will .
Nazara Technologies said the company is simplifying its corporate structure by either closing or merging entities that are not aligned with its future vision. It has also implemented a new operating model to enable more revenue and free cash flows to accrue directly to the parent company
Nazara Technologies also plans to make investments into gaming-focused global VC firms Play Ventures and F4 Fund along with a casual gaming studio Pixode.