Nazara to pump $77M into UK unit, overhauls leadership
What's the deal? Nazara Technologies has approved a $77 million (about US$100.9M) investment into its wholly-owned subsidiary, Nazara Technologies UK Limited, alongside a round of leadership changes. The board signed off on the decisions at a meeting on October 12, 2026.
What's the endgame? The cash will fund the second tranche of the purchase consideration for Nazara UK's acquisition of two Spanish entities, Bluetile GamesDealroom has a profile for this one. Try Dealroom → and Bestplay SystemsDealroom has a profile for this one. Try Dealroom →. The move is aimed at expanding the company's international gaming portfolio.
The investor: The board also approved a preferential allotment of 23,881,711 equity shares, involving investors including Raymond Albaladejo Stauffer.
New faces at the top: Arun Agrawal was appointed chief financial officer, effective October 16, replacing Rakesh Shah, who resigned to explore outside opportunities. Mithun Padam Sacheti was re-designated from non-executive director to whole-time executive director, subject to shareholder approval, while founder Nitish Mittersain shifted from managing director to founder and non-executive director. Rohit Sharma resigned as whole-time director, effective January 11, 2027.
Why now? Nazara also moved to shore up the balance sheets of its subsidiaries. It approved converting an inter-corporate loan into equity for Smaaash EntertainmentDealroom has a profile for this one. Try Dealroom → and Nazara UK, totalling US$57.5M — US$17.6M for Smaaash and £23 million for the UK unit.
The signal: The combined capital infusion and executive reshuffle point to Nazara doubling down on its international expansion, with Europe and the UK as the base for its global gaming ambitions.
Read more: businessupturn.com
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