India Digest: Nazara, L&T in M&A news

India Digest: Nazara, L&T in M&A news

India Gate. Photo: Abhidev Vaishnav/unsplash

Gaming and sports media company Nazara Technologies has acquired a majority 51 per cent stake in Paper Boat Apps, the developer of the popular ‘Made in India’ app Kiddopia. Meanwhile, L&T Finance Holdings Ltd is looking to wind up its West Asian wealth management unit after its plans to sell it to Mumbai-based InCred Capital fell through.