Nodwin Gaming Private Limited, a subsidiary of Nazara Technologies, announced it has acquired 51 per cent stake in Rusk Distribution Private Limited.
According to the company’s exchange filing, “we hereby inform that Nodwin Gaming Private Limited (“Nodwin”), a material subsidiary of the Company, on February 28, 2022, has acquired 5,100 equity shares of Rs. 10/- each of Rusk Distribution Private Limited (Rusk Distribution).”
“The objective of acquisition of Rusk Distribution is to monetisation of digital content across all media distribution platforms and brands,” the company said in its statement.
Incorporated on January 20, 2022, Rusk Distribution’s main objective is sale and marketing of advertising spots and solutions in digital content being hosted on Advertising based Video on Demand. Sublicensing of Content Intellectual Properties to Over the Top (OTT) or linear platforms and procuring commissioned content deals from Over the Top (OTT) Linear Platforms.
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