Rakesh Jhunjhunwala family fully exits Nazara Technologies
BENGALURU: The family of late investor Rakesh Jhunjhunwala has fully exited its stake in Nazara Technologies through open market transactions on Friday..
According to stock exchange disclosures, Rekha Rakesh Jhunjhunwala, executor to the estate of late Rakesh Jhunjunwala, sold 27.2 lakh shares, worth Rs 333.8 crore, through bulk deals in the open market executed on both the NSE and BSE.
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Prior to that, the estate sold 17.2 lakh shares of the company stock through June 9th to 12th. With the deals combined, the Jhunjhunwala family no longer holds any stake in the gaming and esports firm.
Nazara Technologies, which went public in March 2021, operates across multiple segments including mobile gaming, esports, and gamified learning. The company has expanded its presence beyond India into markets such as North America, the Middle East, and Africa.
Jhunjhunwala, who passed away in August 2022, had built a significant position in Nazara Technologies post-IPO. Jhunjhunwala had first put Rs 180 crore in the Mumbai-based company in 2017.
Nazara Technologies has completed multiple acquisitions in 2025 so far. In January, it acquired two mobile game titles from ZeptoLab for $7.7 million. In May, it acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired two wrestling news platforms from Titan Insider Digital in an all-cash transaction valued at Rs 10.5 crore.
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