ESL picks up minority stake in Nazara Technologies

ESL, an e-sports company and part of international digital entertainment group MTG has picked up a minority stake in gaming firm Nazara Technologies Ltd for an undisclosed amount. Founded in 2000, ESL runs amateur-to-professional leagues.The investment comes after IIFL and and Rakesh Jhunjhunwala put in Rs.330 crore and Rs. 180 crore respectively in Nazara. These range from online tournaments to major global mega stadium events worldwide, and distributing its content and original programming across digital and linear channels, including Facebook, Twitter, Twitch, Sony Vue, Disney XP and Hulu. Additionally, ESL…

Read More