Overview
- Rekha Jhunjhunwala offloaded the estate’s entire 5.07% stake, amounting to 44.45 lakh shares, in tranches between June 2 and June 13 via NSE and BSE block deals.
- The final block of 27.23 lakh shares on June 13 fetched between Rs 1,225.19 and Rs 1,225.63 apiece, contributing to an aggregate sale value of about Rs 770 crore and delivering a four-fold return on the original Rs 180 crore investment.
- Nazara Technologies’ shares climbed to a 52-week high following the exit, marking a 55.86% gain over the past 12 months and a 31.01% rise year-to-date.
- Last month, the Competition Commission of India approved Axana Estates LLP, Plutus Wealth Management LLP and Junomoneta Finsol to acquire a combined 26% stake in the gaming and esports firm.
- In FY25, Nazara reported a profit of Rs 51 crore, down 32% from the previous year, while operating revenue rose 43% to Rs 1,623.9 crore.