Jhunjhunwala Family Fully Exits Nazara Technologies
Family of Late Investor Sells Entire Stake
The family of the late investor Rakesh Jhunjhunwala has sold their entire stake in Nazara Technologies. They completed this sale through open market transactions on Friday.
Key Points of the Sale
Here are the main details of the sale:
- Rekha Rakesh Jhunjhunwala sold 27.2 lakh shares.
- These shares were worth Rs 333.8 crore.
- The sale took place through bulk deals on the NSE and BSE.
Earlier, the estate had sold 17.2 lakh shares from June 9th to 12th. With these transactions, the Jhunjhunwala family no longer holds any stake in the gaming and esports firm.
About Nazara Technologies
Nazara Technologies went public in March 2021. The company specializes in mobile gaming, esports, and gamified learning. It has expanded its presence beyond India and now operates in:
- North America
- The Middle East
- Africa
Rakesh Jhunjhunwala’s Investment
Rakesh Jhunjhunwala, who passed away in August 2022, had built a significant position in Nazara Technologies after its IPO. He first invested Rs 180 crore in the Mumbai-based company in 2017.
Recent Acquisitions by Nazara Technologies
Nazara Technologies has made several acquisitions in 2025:
- 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. This was an all-cash transaction valued at Rs 10.5 crore.
