Over 70% of revenue comes from acquisitions made since 2018
March 16, 2021
4 Min Read
21-year-old Nazara Technologies is opening its public offering this week and is set to become India’s oldest gaming company to get listed on the bourses. It will be valued at about $462 million, or Rs 3,353 crore. That is the same valuation range at which it tried to go for an IPO in 2018 but could not proceed because of a valuation mismatch.
The Nazara going for an IPO now is a completely different business. It represents the transition from the value-added services (VAS) era to the smartphone era.
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