🎮 Nazara Is Wiring ₹170 Crore Between Its Own Subsidiaries – Genius Capital Strategy or Hot Potato?

🗓️ Published: May 28, 2025
✍️ By: Prashant Marathe
Tags: Nazara Technologies, Kiddopia, Paper Boat Apps, Nazara UK, Inter-Corporate Loan, Gaming M&A, Working Capital Loans, SEBI LODR, Related Party Transactions

📌 At a Glance

Nazara Technologies just pulled off a classic corporate manoeuvre: moving ₹70 Cr from India to the US, and then ₹99 Cr from the US to the UK — all via its wholly-owned subsidiaries Paper Boat, Kiddopia, and Nazara UK.

🧾 It’s all legal.
🔄 It’s all internal.
👀 But what are they really up to?

Let’s decode the chain, the cash, and the chaos.

🕸️ The Money Chain

Let’s simplify:

1. Paper Boat Apps Pvt Ltd (India) → lends $8.2 million (~₹70 Cr) to
2. Kiddopia Inc. (USA) → lends £8.6 million (~₹99 Cr) to
3. Nazara Technologies UK Ltd (UK)

Yup. A classic Delhi → New York → London pipeline. The gaming equivalent of a multiverse plotline with no villain, only balance sheets.

🧠 What’s the Point?

• Nazara claims the funds will be used for:
  • 💼 Working capital
  • 🛒 Acquisitions
  • 🚀 Expansion plans
• No shares are being issued.
• No special