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Dolat Capital Report
Nazara Technologies Ltd., is a unique diversified gaming company that offers an unmatched opportunity in the multi-year-high-growth Indian gaming industry.
Over FY17-FY21, Nazara steered its business from added service provider to a diversified gaming platform with six strategic acquisitions.
Post IPO (last five quarters), Nazara has done 10 more investments by pouring in Rs 6 billion to build a deeper penetration within the gaming ecosystem (a wider net to capture more opportunities and strengthen existing verticals).
We see this as Nazara’s second avatar as it moves towards becoming a diversified gaming platform with strong content IPs.
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