According to exchange data, she offloaded 13 lakh shares on the BSE at an average price of ₹1,225.19 per share, and another 14 lakh shares on the NSE at ₹1,225.63 apiece. The combined proceeds from the transactions stood at ₹334 crore. Buyers were not immediately known.
With this latest sale, Jhunjhunwala’s holding in the gaming and sports media platform has dropped to nil, according to bulk deals data compiled by CNBC-TV18.
Earlier this month, between June 2 and June 6, Jhunjhunwala—executor of the estate of her late husband, legendary investor Rakesh Jhunjhunwala—sold 17.38 lakh shares of Nazara Technologies, generating an estimated ₹218 crore. The recent string of sell-offs has reduced her holding from over 10% in June 2022 to nearly zero.
Other prominent investors in Nazara Technologies include Madhusudan Kela and Nikhil Kamath. As of March 2025, Kela holds a 1.3% stake, while Zerodha co-founder Nikhil Kamath owns 3.72% through his firms—Kamath Associates and NKSquared.
Also read: Nazara Tech Independent Directors back ₹990 open offer as ‘fair and reasonable’
Shares of Nazara Technologies surged 6.5% in Friday’s trade, closing at ₹1,327.85 on the BSE—its highest level since October 2021. The gaming and sports media platform’s stock has rallied 31% so far in 2025, significantly outperforming the Sensex, which has gained about 4% during the same period.
For the year ended March 2025, Nazara Technologies reported a 22% rise in net profit to ₹87 crore. Revenue jumped 43% to ₹1,624 crore, leading to a record-high annual EBITDA of ₹153 crore.
Of the 10 analysts covering the stock on Bloomberg, 40% have a “Buy” rating, 40% suggest “Sell,” and the remaining 20% recommend “Hold.
(Edited by : Sheersh Kapoor)
First Published: Jun 13, 2025 10:03 PM IST
