Rekha Jhunjhunwala sold 17.38 lakh shares of Nazara Technologies between June 2 and June 6. The average trading price of shares of Nazara Technologies during this period stood at ₹1,255.4 per share, which takes the total transaction value to ₹218 crore.
With this sale, Rekha Jhunjhunwala’s stake in Nazara Technologies has declined to 5.07% from 7.05% earlier, as the number of shares sold by her amount to 1.98% of the company’s outstanding equity.
At the current market price, the remaining stake for Rekha Jhunjhunwala is valued at ₹568.5 crore. Veteran investor late Rakesh Jhunjhunwala was one of the early backers of Nazara Technologies, and had a stake over 10% at the end of the June 2022 quarter.
Other than Rekha Jhunjhunwala, Madhusudan Kela also has a 1.25% stake in Nazara technologies at the end of the March quarter. His Cohesion Mk Best Ideas sub-trust also has a 1.31% stake in the company.
India’s Mutual Funds have a 9.59% stake in Nazara Technologies, of which 8.37% stake is owned SBI Mutual Fund.
Shares of Nazara Technologies are off the highs of the day, currently trading 1.3% higher at ₹1,283.1. The stock is trading close to its 52-week high of ₹1,326.5, having gained 10% in the last one month.
First Published: Jun 11, 2025 11:36 AM IST
