NODWIN Gaming (a material and independent subsidiary of Nazara Technologies), the front-runner in South Asia's esports and gaming industry, has taken a significant step by acquiring Comic Con India, a company famous for hosting multiple pop cultural festivals targeting youth in India. This acquisition not only diversifies NODWIN Gaming's youth portfolio but also marks a strategic expansion in the global entertainment landscape.

As part of this transaction, NODWIN Gaming will acquire 100% of the shares of Comic Con India at a valuation of Rs 55 crore through a combination of cash and share swap from the founders of Comic Con India - Jatin Varma and Karan Kalra. They will continue and remain to operate the business as part of NODWIN Gaming.

This acquisition is particularly noteworthy as the managing team at Comic Con India will also become shareholders in NODWIN Gaming by swapping 27.5 crores of their Comicon India shares with NODWIN shares. Their decision to become shareholders is a strong endorsement of NODWIN Gaming's vision and strategy for the future.

Comic Con India, founded in 2011, has evolved into a company orchestrating various festivals across India, celebrating a wide range of popular culture elements including comics, cosplay movies, TV shows, merch, gaming and much more. The festivals, held in cities like New Delhi, Mumbai, Bengaluru, Hyderabad and Chennai, have become cornerstones of India's cultural calendar.

The integration of Comic Con India into NODWIN Gaming's fold is set to create a unique platform for gaming enthusiasts, comic fans, and pop culture aficionados. The plan is to expand the number of festivals and extend their reach to more cities across India and other countries, tapping into new markets and audiences.