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Nazara Technologies Says Two Step-Down Subsidiaries Hold Cash Balance Of Rs 64 Crore At Silicon Valley Bank

Nazara Technologies Says Two Step-Down Subsidiaries Hold Cash Balance Of Rs 64 Crore At Silicon Valley Bank
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Nazara Technologies Ltd updates on balances of subsidiaries in Silicon Valley Bank

Nazara Technologies Ltd s step down subsidiaries Kiddopia Inc and Mediawrkz Inc hold cash balances of USD 7.75 mn at Silicon Valley Bank, which is currently under the receivership of the FDIC.

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Subsidiaries of Nazara Technologies hold Rs 64 cr cash in crisis-hit Silicon Valley Bank

Listed mobile gaming company Nazara Technologies on Sunday said two of its step-down subsidiaries Kiddopia Inc and Mediawrkz Inc hold cash balances worth Rs 64 crore at Silicon Valley Bank (SVB), which is currently under crisis.

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SVB Impact: Nazara Technologies Subsidiaries Hold Rs 64 Crore In Shuttered Silicon Valley Bank

The combined balances held at SVB cumulatively account for USD 7.75 million or Rs 64 crore, the company told in a BSE Filing.

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Subsidiaries of Nazara Technologies hold Rs 64 cr cash in crisis-hit Silicon Valley Bank

Subsidiaries of Nazara Technologies hold Rs 64 cr cash in crisis-hit Silicon Valley Bank
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