Veteran investor Rekha Jhunjhunwala sold nearly 2 percent stake in Nazara Technologies between June 2 to June 6. The shares of the gaming company were trading over 1 percent higher at Rs 1,282 apiece on June 11.
Rekha Jhunjhunwala, the wife of the late legendary investor Rakesh Jhunjhunwala and the inheritor of his portfolio, sold 17.38 lakh shares of the company during the period, according to market data. This represents nearly 1.98 percent of the firm's total equity. The average trading price of Nazara Tech during the period stood at Rs 1,256 per share, taking the total worth of the transaction to over Rs 218 crore.
Her stake in the gaming platform has now reduced to 5.07 percent from the earlier holding of 7.05 percent, after the stake sale.
Notably, late market bull Rakesh Jhunjhunwala was one of the early investors of Nazara Tech, and had a stake of over 10 percent at the end of the June 2022 quarter.
Nazara Tech shares have gained nearly 10 percent in the past one month, and over 27 percent in the past six months.
Nazara Technologies on May 26 reported a net profit of Rs 4 crore for the fourth quarter of the financial year 2025. This marked a strong jump from the Rs 18 lakh net profit reported in the corresponding quarter of the previous financial year.
The company's revenue from operations nearly doubled to Rs 520 crore in Q4 FY25. This is over 95 percent higher than the Rs 266 crore revenue reported for Q4 FY24. The gaming firm's EBITDA meanwhile.
"Growth was driven by solid momentum in the core gaming portfolio, particularly Fusebox and Animal Jam, along with improved unit economics in Kiddopia. Margins remained resilient despite elevated user acquisition investments and new IP integrations," the firm said.
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