NODWIN Gaming Expands Empire with AFK Acquisition
NODWIN Gaming has acquired a 93% stake in AFK Gaming for Rs 7.6 crore, making AFK its fully-owned subsidiary. The acquisition involves a combination of cash and stock swap. AFK's founders will integrate into NODWIN's ecosystem. AFK Gaming was originally founded by Nishant Patel, Rakesh Ramchandran, and Siddharth Nayyar.
- Country:
- India
NODWIN Gaming announced on Thursday that it has acquired a 93% stake in AFK Gaming, solidifying its hold on the gaming and esports media sector.
This acquisition, costing Rs 7.6 crore, was completed through a combination of cash and stock swap, making AFK a fully-owned subsidiary of NODWIN.
The founders of AFK Gaming are set to join various verticals within the NODWIN Gaming ecosystem, with Nishant Patel focusing on strategic initiatives while developing Pixel P&L.
(With inputs from agencies.)
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