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Rekha Jhunjhunwala sold Nazara before Gaming Bill
Rekha Jhunjhunwala sold her entire Nazara Technologies stake for ₹770 cr weeks before the Online Gaming Bill, which has since dragged the stock down 14 per cent.
Agencies
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Jhunjhunwala offloaded nearly 27.2 lakh shares in early June 2025
MUMBAI, 25 AUG
Ace investor Rekha Jhunjhunwala has sold her entire stake in Nazara Technologies Ltd, weeks before the government passed the landmark Online Gaming Bill 2025.
Jhunjhunwala offloaded nearly 27.2 lakh shares in early June 2025, fetching about Rs 770 crore and securing nearly a fourfold return.
Since her exit, Nazara's share price has dropped 14 per cent, eroding around Rs 1,700 crore in investor wealth.
The new law promotes e-sports and casual gaming but bans real-money games, advertising, and related transactions, posing risks for Nazara due to its indirect exposure through Poker Baazi.
Analysts warn the regulations could weigh on future growth.
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