Rekha Jhunjhunwala’s timeous exit saved Rs 334 cr- Nazara stocks sink
Rekha Jhunjhunwala’s
timeous exit saved
Rs 334 cr- Nazara stocks sink
Reportedly, Nazara Technologies, this week, encountered a sharp market sell-off with shares tumbling nearly 7 per cent intraday to Rs 1,302.45.
The fall wiped out around Rs 916 crore in investor wealth, as Parliament passed the Promotion and Regulation of Online Gaming Bill, 2025. The legislation changed the scenario across gaming companies, particularly those perceived to have exposure to real money gaming (RMG).
Notably, Rekha Jhunjhunwala had already exited her stake in Nazara Technologies Ltd by June 2025, well before the latest regulatory turmoil. At the end of March 2025, she held a 7.06 per cent stake, amounting to 61.8 lakh shares.
Meanwhile, by June, however, she sold her entire holding at an average price of around Rs 1,225 per share, netting nearly Rs 334 crore.
News Edit KV Raman
