Nazara Tech acquires 47.7% stake in PokerBaazi parent in Rs 832 crore deal

Nazara Technologies has acquired a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for Rs 832 crores. Nazara will also inject Rs 150 crore into Moonshine. This move aims to strengthen Nazara's position in India's gaming market. PokerBaazi is a leading online poker platform with around 340,000 monthly active users.