Happy Tuesday! With user growth stagnating, Zomato and Swiggy are prodding existing customers to order more. This and more in todays ETtech Morning Dispatch.
Nazara announced that it is either merging or closing entities that do not align with its future vision, including Nazara Bangladesh and NZ Mobile Nigeria.
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.