NODWIN Gaming Acquires Starladder for Rs 46.75 Cr
By Rediff Money Desk, New Delhi Jan 31, 2025 12:22
NODWIN Gaming has acquired 100% stake in esports firm Starladder for Rs 46.75 crore, making it a fully owned subsidiary. The deal includes cash and stock swap.
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Photograph: Mike Blake/Reuters
New Delhi, Jan 31 (PTI) NODWIN Gaming on Friday announced the acquisition of a 100 per cent stake in esports IP and services firm Starladder in a deal valued at an initial consideration of USD 5.5 million (Rs 46.75 crore).
The acquisition, which makes StarLadder a fully owned subsidiary of NODWIN Gaming Pte (Singapore), will combine secondary sales and stock swap of NODWIN Gaming Pte shares, according to a company statement.
StarLadder will maintain its identity, with its founder Roman Romanstov continuing to manage the operations while also becoming a shareholder in NODWIN Gaming.
"The initial consideration would be payable partly by way of cash consideration up to USD 2 million (Rs 17 crore) and balance USD 3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming Pte. As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming Pte and continue to lead the business going forward," the statement said.
Founded in 2014, NODWIN Gaming is a subsidiary of Nazara Technologies.
The acquisition, which makes StarLadder a fully owned subsidiary of NODWIN Gaming Pte (Singapore), will combine secondary sales and stock swap of NODWIN Gaming Pte shares, according to a company statement.
StarLadder will maintain its identity, with its founder Roman Romanstov continuing to manage the operations while also becoming a shareholder in NODWIN Gaming.
"The initial consideration would be payable partly by way of cash consideration up to USD 2 million (Rs 17 crore) and balance USD 3.5 million (Rs 29.75 crore) by way of swap of equity shares of NODWIN Gaming Pte. As part of this transaction, the founder Roman Romanstov would become a shareholder of NODWIN Gaming Pte and continue to lead the business going forward," the statement said.
Founded in 2014, NODWIN Gaming is a subsidiary of Nazara Technologies.
Source: PTI
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