Nazara Technologies Limited (BSE:543280) agreed to acquire additional 1% equity stake in Absolute Sports Private Limited for INR 5 million on June 24, 2022.Board of Directors have already approved the agreement. The Company has entered into a Share Purchase Agreement dated October 20, 2022 with Mr. Porush Jain and Absolute Sports Private Limited for the purpose of acquisition of 6.05% equity stake of Absolute on fully diluted basis, and to record the terms and conditions and other matters in connection therewith.