Exclusive: Games24x7 to acquire 24% stake in stock broking app Wiseowl’s TIQS

Online gaming firm Games24x7 is set to acquire a minority stake in stock broking company Wiseowl Securities, the parent entity of Butterfly Broking (TIQS), according to regulatory filings accessed by Entrackr.

The board of Games24x7 has passed a special resolution to approve the purchase of a 24% stake in Wiseowl Securities for Rs 9.1 crore, filings sourced from the Registrar of Companies (RoC) show.

Games24x7 has also secured board approval to extend a short-term loan of Rs 18 crore to Wiseowl Securities, as per filings.

Wiseowl Securities operates a stock broking business and is registered as a mutual fund distributor with Association of Mutual Funds in India and BSE. Through its wholly owned subsidiary, it runs the Butterfly Broking platform, offering access to NSE and BSE. The platform enables trading in equities, derivatives, commodities, and currency.

The development comes at a time when several real-money gaming (RMG) companies are exploring new verticals amid a blanket ban. A number of gaming platforms have either restructured operations or diversified into adjacent consumer internet categories.

For instance, Dream Sports, the parent company of Dream11, has entered wealth-tech with its Dream Money app. WinZO has experimented with products such as ZO Gold, while Zupee has expanded into content and lifestyle-led verticals beyond its core gaming offerings.

Games24x7’s potential investment into Wiseowl Securities reflects a broader pivot among gaming firms toward regulated financial services. As the RMG landscape faces policy headwinds, diversification into capital markets could offer new revenue streams and reduce regulatory risk.