Nazara Technologies announced it will acquire a 47.7% stake in Moonshine Technology, the parent company of PokerBaazi, for ₹832 crore. The deal will be executed through a secondary transaction, and Nazara will also invest ₹150 crore in Moonshine through convertible preference shares. PokerBaazi, India's leading online poker platform, generates 85% of Moonshine's revenue, with 340,000 monthly active users as of May 2024. Nazara's share price rose over 1% to ₹1018.40 after the announcement, signaling positive market response to the acquisition.