Nazara Technologies’ $11.7 Million Takeover of Paper Boat Apps


IC Universal Legal advised Nazara Technologies Limited on the deal.

As reported in CEE Legal Mater and in others online publications Nazara Technologies invested ?83.5 crore in Mumbai-based Paper Boat Apps. Nazara acquired 51% stake at a pre-money valuation of ?154 crore.

Nazara Technologies develops mobile content such as games, themes, multimedia and wallpapers.

The IC Universal Legal team was led by partner Souvik Roy (Picture) and associate Vartika Koolwal.

Involved fees earner: Vartika Koolwal – IC Universal Legal Advocates and Solicitors ; Souvik Roy – IC Universal Legal Advocates and Solicitors ;

Law Firms: IC Universal Legal Advocates and Solicitors ;

Clients: Nazara Technologies Limited;

Author: Michael Patrini