<h1>Subsidiaries of Nazara Technologies Enter Into Unsecured Loan Agreement</h1>
A loan agreement has been finalized between two wholly-owned subsidiaries of Nazara Technologies Limited: Paper Boat Apps Private Limited and Kiddopia Inc. The transaction was executed on August 13, 2026, involving an unsecured loan for business and general corporate needs.
The agreement grants a loan to Kiddopia Inc., which is a wholly-owned subsidiary of Paper Boat, from Paper Boat Apps Private Limited. The aggregate amount of the new loan does not exceed ₹ 7.50 Crores (equivalent to ~ USD 8,00,000) and will be disbursed in one or more tranches, subject to applicable laws.
The transaction involves two wholly-owned subsidiaries of Nazara Technologies Limited. Paper Boat Apps Private Limited acted as the lender, while Kiddopia Inc. served as the borrower. The loan is unsecured and was formalized on August 13, 2026.
Details regarding the agreement between the parties are summarized below:
| Particulars | Details |
|---|---|
| Lender | Paper Boat Apps Private Limited |
| Borrower | Kiddopia Inc. |
| Nature of Loan | Unsecured Loan |
| Loan Amount (New) | Aggregate amount not exceeding ₹ 7.50 Crores (equivalent to ~ USD 8,00,000) |
| Date of Execution | August 13, 2026 |
| Security Provided | Nil |
The transaction falls under the purview of Related Party Transactions as Paper Boat is a wholly-owned subsidiary of Nazara Technologies Limited and holds 100% stake in Kiddopia. Although it constitutes an internal transaction between both fully owned subsidiaries, which has been exempted under relevant provisions, the agreement is reported to be at arm's length basis.
As per records maintained, while the new loan amount does not exceed ₹ 7.50 Crores, the total outstanding loan amount stood at ₹ 82.00 Crores as of the date of the disclosure.
NAZARA Stock Price Movement
Nazara Technologies Limited shares edged higher on Thursday, closing at ₹355.20 after gaining 1.05%. The stock finished the trading session having gained ₹3.70, with a total traded volume of 1.17 million shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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