Highlights
Rekha Jhunjhunwala Reduces Stake in Nazara Technologies Limited
Rekha Jhunjhunwala, the spouse of the late Rakesh Jhunjhunwala, has decreased her investment in gaming services firm Nazara Technologies Limited in June, as indicated by data from the BSE.
Rekha Jhunjhunwala divested 29.75 lakh shares of Nazara Technologies between June 2 and June 10. Given the average trading price of Rs 1,256.5 in this timeframe, the total sale is approximated at around Rs 374 crore.
A disclosure submitted to the Bombay Stock Exchange reveals that Rekha Jhunjhunwala’s ownership in Nazara Technologies fell from 7.05% (61.83 lakh shares) on June 1, 2025, to 3.66% (32.08 lakh shares).
Other Stakeholders
According to the shareholding structure as of March 2025, SBI Mutual Fund holds an 8.37% interest in the company, and Plutus Wealth Management possesses 11.54%. NK Squared and Kamath Associates, both associated with Nikhil Kamath, collectively own a 3.72% stake.
Acquisition News
Recently, the Competition Commission of India (CCI) has permitted Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited to acquire a major stake and control over Nazara Technologies Limited.
Recent Acquisitions
Nazara Technologies has executed four acquisitions in 2025 thus far. In January, it purchased two prominent mobile game titles, King of Thieves and CATS: Crash Arena Turbo Stars from ZeptoLab for $7.7 million. In May, the company acquired UK-based game publisher Curve Games for Rs 247 crore. Additionally, during the same month, its subsidiary Sportskeeda secured wrestling news platforms TJRWrestling.net and ITRWrestling.com from Titan Insider Digital in an all-cash transaction valued at Rs 10.5 crore.
Financial Performance
On the financial side, Nazara Technologies reported revenues of Rs 520 crore in the last quarter of the previous fiscal year, alongside a profit of Rs 4 crore. For the full year FY25, the firm exhibited a 40.8% year-on-year increase in total income, soaring to Rs 1,715 crore from Rs 1,218 crore in FY24.
Current Trading Status
Nazara Technologies is currently trading at Rs 1,276.5 (as of 12:43 PM), boasting a total market capitalization of Rs 11,184 crore (approximately $1.31 billion).