India: WestBridge exits gaming firm Nazara, sells $68m stake to Plutus

India: WestBridge exits gaming firm Nazara, sells $68m stake to Plutus

Photo by JESHOOTS.COM on Unsplash

WestBridge Ventures II Investment Holdings, a fund managed by WestBridge Capital, has completed its exit from Nazara Technologies Ltd by selling shares worth over ₹500 crore to Plutus Wealth Management Llp and its associates.

WestBridge Ventures was one of the early investors in Nazara and is estimated to have invested a cumulative amount of ₹22.6 crore in the gaming company and obtained sales consideration of approximately ₹1,000 crore from its investment, according to Nazara.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter