Harsh Upadhyay

Gaming company Nazara Technologies has withdrawn the proposed merger of its wholly owned subsidiary, Paper Boat Apps Private Limited, after the National Company Law Tribunal (NCLT) approved the company's request to withdraw the scheme. In a stock exchange filing on Tuesday, the company said the NCLT has allowed its application to withdraw the Scheme of Amalgamation. Nazara's board had approved the withdrawal of the merger proposal in May 2026 due to changes in the company's restructuring plans.

Info Edge has approved the acquisition of the remaining 45.36% stake in Coding Ninjas from the edtech platform's founders for about Rs 39.91 crore, a move that will make the company a wholly owned subsidiary. The decision was approved by the board at its meeting held on July 6. The Naukri parent will acquire 74,741 equity shares of Sunrise Mentors Private Limited, which operates Coding Ninjas, at Rs 5,340.23 per share. The transaction is expected to close within 45 days.

Walmart-owned e-commerce major Flipkart has approved its second discretionary employee stock ownership plan (ESOP) liquidity event, allowing eligible employees to liquidate up to 5% of their vested stock options, according to an internal email from Group CEO Kalyan Krishnamurthy. The latest liquidity event follows the commitment made by the company last year, when it announced two ESOP liquidity windows. The second was contingent on meeting certain business goals.