Corporate Moves in India’s Tech Sector Signal Strategic Shifts

Nazara Technologies has authorized an unsecured loan of up to £1.26 million (₹15 crore) to its UK subsidiary, Nazara Technologies UK Ltd, pending regulatory compliance. The MOVE underscores the gaming firm's international expansion strategy.

Protean eGov Technologies secured a ₹1,160 crore contract from India's UIDAI to operate District Level Aadhaar Seva Kendras across 188 districts. The project will handle Aadhaar enrollment and updates, reinforcing Protean's position in India's digital identity infrastructure.

Paytm's parent company, One97 Communications, approved ₹455 crore in fresh investments across two subsidiaries—Paytm Money Ltd and Paytm Services Private Ltd. The board also greenlit the acquisition of Foster Payment Networks to consolidate its payments ecosystem, with plans to make it a wholly-owned subsidiary for ₹61 crore.