Nodwin Gaming (Nodwin), a material subsidiary of Nazara Technologies has extended a guarantee for an amount not exceeding of EUR 1,560,000 (Rs 14.73 crore), in favour of Co-Investor FRE GmbH & Co. KG (the Lender), on behalf of Freaks 4U Gaming GmbH (the Borrower), a step down subsidiary of Nodwin and the Company, for securing a loan, in one or more tranches, for business purposes such as working capital requirements, expansion plans, etc., subject to compliance with the applicable laws.
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