Nazara Technologies Shares in Focus after termination of RS 16 Crore i3 Interactive Deal

Shares of Nazara Technologies are likely to be aware of Monday after the company terminates its share purchase agreement (SPA) with i3 Interactive Inc. And other sellers has announced.

The deal was originally signed in September 2024 and concerned the acquisition of the remaining interest in Moonshine Technology Private Limited, with a value of approximately RS 15.90 Crore.

The decision comes after the implementation of the promotion and regulation of the Online Gaming Act, 2025, which came into force on 22 August 2025.

This created what the company described as a ‘equipment adverse effect’, which led to the termination of the agreement.

Nazara Technologies confirmed that on 31 August 2025 it issued a notification of termination to i3 Interactive. According to the conditions of the deal, the agreement will be officially terminated after 30 days after the notification, unless resolved earlier.

“Op grond van de inwerkingtreding van de promotie en regulering van de online gamingwet, 2025, die op 22 augustus 2025 van kracht werd, heeft een materieel nadelig effect (zoals gedefinieerd in de SPA) plaatsgevonden vanwege het verbod op online echt geld gaming, inclusief maar niet beperkt tot echt geldpoker gaming in India, in het terrein van de Spa, het bedrijf heeft een kennisgeving van het terrein van de Spa, uitgegeven in het terrein van de Spa, in the terms of the Spa, in the terms of the Spa, the company has a statement of the company.

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