Nazara Technologies will acquire a 33 per cent stake in Datawrkz Business Solutions, the company said in a regulatory filing on Friday.

In addition to this, the board of Nazara Technologies has approved an investment of up to Rs 30 crore in its subsidiary Next Wave Multimedia.

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The board has approved issuance of around 1.1 lakh equity shares at an issue price of Rs 2,260 apiece aggregating to about Rs 24.99 crore for acquiring 22,499 equity shares of Datawrkz Business on preferential basis, Nazara Technologies said.