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Nazara Technologies Limited has increased its equity holding in its subsidiary, Next Wave Multimedia Private Limited. On December 30, 2025, the company acquired an additional 1,396 equity shares of Next Wave Multimedia, each with a face value of ₹100. This acquisition represents 4.19% of the subsidiary's equity share capital and was made upon payment of a consideration of ₹2,50,02,985 (approximately ₹2.50 crore).

Following this transaction, Nazara Technologies' equity stake in Next Wave Multimedia has risen from 83.25% to 87.44%. This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and further to the company's previous disclosure on November 13, 2025. The acquisition is pursuant to the Share Purchase Agreement (SPA) executed on May 24, 2024, with the existing promoter founder shareholders of Nextwave.