Nazara Tech shares jump 4%, hit 52 week as co plans to acquire stake in PokerBaazi parent

Nazara Technologies' shares climbed more than 4% to reach a new 52-week high of Rs 1,048.80 on the NSE following the company's announcement that it will acquire a 47.7% stake in Moonshine Technology Private Limited (MTPL) for Rs 832 crore. Furthermore, Nazara plans to invest an additional Rs 150 crore into Moonshine through compulsory convertible preference shares.