In compliance with Regulation 30 read with Schedule III of Listing Regulations we hereby inform that, the Board of Directors of Nodwin Gaming Private Limited ('Nodwin'), a material subsidiary of Nazara Technologies Limited ('Nazara'), at their meeting held on January 12, 2022, has approved the Acquisition of 27,987 equity shares of Rs. 10/- each of Superhero Brands Private Limited from existing shareholders ('Sellers'), in one or more tranches, aggregating to 100% equity stake of Superhero Brands Private Limited, on such terms and conditions, as mutually agreed in the Share Purchase Agreement proposed to be entered between the Sellers and the Company, for a consideration of Rs. 4.90/-Crores.