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SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal

EntrackrEntrackr · 3m ago
SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal
Medial

SBI Mutual Fund sells Nazara’s stake worth Rs 108 Cr via bulk deal SBI Mutual Fund offloaded 45,09,360 equity shares of Nazara at an average price of Rs 240.18 per share, taking the total transaction value to around Rs 108 crore. Prior to the deal, SBI MF held 2.14 crore shares, accounting for 5.78% stake in Nazara. Post the deal, its shareholding has come down to 1.69 crore shares, translating to 4.55% of the total paid-up equity. Financially, Nazara’s operating revenue rose by 65% to Rs 526 crore in Q2 FY26 from Rs 319 crore in Q2 FY25. With the enactment of the Promotion and Regulation of Online Gaming Act, Nazara recognized an aggregate reduction of Rs 914.70 crore in its investment done on Moonshine Technologies. The company recorded a loss of Rs 34 crore in Q2 FY26 as compared to a profit of Rs 18 crore in Q2 FY25. On a half-yearly basis, the company’s profit declined 57.5% to Rs 17 crore in H1 FY26 from Rs 40 crore in H1 FY25. In August this year, Nazara called off its plan to acquire a minority stake in Moonshine Technology Private Limited, the parent company of online poker platform PokerBaazi, due to the enactment of the Promotion and Regulation of Online Gaming Act, 2025. At the end of the day, Nazara’s share was trading at Rs 252 with a total market capitalization of Rs 9,355 crore (approximately $1 billion).

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SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr

EntrackrEntrackr · 14d ago
SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr
Medial

SBI Mutual Fund buys additional 4% stake in Urban Company for Rs 632 Cr SBI Mutual Fund picked up an additional 4% stake in Urban Company through bulk and block deals on Tuesday worth Rs 632 crore across the NSE and BSE, which led the company’s shares to soar over 16%. According to bulk and block deal data, SBI Mutual Fund purchased 3.51 crore shares at Rs 109.85 apiece on the NSE and 2.25 crore shares at Rs 109.83 per share on the BSE, which together amounted to around Rs 632 crore. On the selling side, Wellington Hadley Harbor AIV Master Investors, DF International Partners, and ABG Capital offloaded a combined 4.6% stake worth Rs 734 crore, with ABG Capital selling 1.74 crore shares for Rs 191.2 crore, DF International Partners exiting via sale of 1.77 crore shares worth Rs 193.9 crore, and Wellington Hadley Harbor AIV Master Investors (Cayman) III divesting a 2.2% stake through multiple transactions worth Rs 349.2 crore. SBI Mutual Fund held a 1.89% stake in Urban Company as of December 2025, which rose to around 5.9% after the bulk purchases. In Q3 FY26, Urban Company reported a consolidated net loss of Rs 21 crore and an adjusted EBITDA loss of Rs 17 crore, largely due to heavy investment in its InstaHelp vertical, which crossed 50,000 daily bookings within a year of its pilot launch in March 2025. Urban Company’s share is trading at Rs 127.7 per share as of 2:22 PM (today), with a market capitalization of Rs 18,657 crore (around $2 billion).

Nazara raising $108 Mn led by SBI MF; market cap reaches $1 Bn

EntrackrEntrackr · 1y ago
Nazara raising $108 Mn led by SBI MF; market cap reaches $1 Bn
Medial

Gaming firm Nazara is raising Rs 900 crore (approximately $108 million) in a funding round led by SBI Mutual Fund, with participation from Juno Moneta Finsol, Think India Opportunities Fund, Discovery Global, and others. Nazara’s board has approved a resolution to issue 94,31,294 equity shares at an issue price of Rs 954.27 each, raising Rs 900 crore ($108 million), according to its disclosure filed with the National Stock Exchange (NSE). SBI Mutual Fund led the round with Rs 220 crore while Juno Moneta Finsol and Think India Opportunities Fund contributed Rs 150 crore each. Caratlane co-founders Siddharth and Mithun Sacheti also participated with Rs 155 crore. The remaining funds came from Discovery Global, Cohesion MK, Chartered Finance, Ratnabali Investment, Meenakshi Mercantiles, and Aamara Capital. The preferential allotment is subject to shareholder approval, with the meeting scheduled for October 12, according to the filing. In a separate strategic move, Nazara has acquired an additional 19.35% stake in Absolute Sports, the parent company of Sportskeeda, for Rs 145.47 crore. Of this amount, Rs 72.73 crore will be paid in cash, while the rest will be through a share swap of Nazara’s shares. After this transaction, Nazara will hold a 91.03% stake in Absolute Sports. In the past few months, Absolute Sports acquired assets of SoapCentral.com and DeltiasGaming. The company reached its 52-week high today at Rs 1,098 and ended the day trading at Rs 1,095. According to Entrackr‘s estimates, Nazara’s overall market capitalization stands at Rs 8,381 crore as of September 18.

Tencent halves stake in PB Fintech via Rs 695 Cr block deal

EntrackrEntrackr · 26d ago
Tencent halves stake in PB Fintech via Rs 695 Cr block deal
Medial

Tencent Cloud Europe BV, an affiliate of Chinese internet giant Tencent, offloaded a portion of its stake in PB Fintech, the parent company of Policybazaar and Paisabazaar, through a block deal on Friday. According to bulk deal data on the stock exchange, Tencent Cloud Europe BV sold 48,40,439 shares of PB Fintech at Rs 1,435.10 per share, taking the total transaction value to around Rs 694.65 crore. Prior to the transaction, Tencent Cloud Europe held 97,48,750 shares, representing 2.12% stake in PB Fintech. Following the block deal, its holding reduced to 49,08,311 shares, or 1.06% in the company. Several institutional investors participated in the block deal. DSP Mutual Fund acquired 3,25,643 shares worth Rs 46.73 crore, while Mirae Asset Mutual Fund purchased 9,00,000 shares valued at Rs 129.15 crore. Meanwhile, Goldman Sachs entities were among the largest buyers in the transaction. Goldman Sachs Bank Europe SE bought 7,01,249 shares worth Rs 100.63 crore, while Goldman Sachs Bank Europe SE – ODI picked up 5,64,508 shares amounting to Rs 81 crore. Other buyers included Schroder Asian Alpha Plus Fund, which purchased 3,46,958 shares worth Rs 49.8 crore, and Schroder AsiaPacific Fund PLC, which bought 2,57,081 shares valued at Rs 36.9 crore. Société Générale (ODI) and Tata Mutual Fund acquired 7,00,000 shares (Rs 100.45 crore) and 3,45,000 shares (Rs 49.5 crore), respectively. Viridian Asia Opportunities Master Fund also bought 7,00,000 shares for Rs 100.45 crore. This move comes after PolicyBazaar’s quarterly result announcement, in which its revenue increased 32.5% to Rs 1,711 crore in Q3 FY26, while its net profits surged 2.6X to Rs 189 crore in the same period. At the end of the day, PolicyBazaar traded at Rs 1,433.5 with a total market capitalization of Rs 66,327 crore (approximately $7.2 billion).

SBI Mutual Fund cuts Delhivery stake to 5.69%

EntrackrEntrackr · 3m ago
SBI Mutual Fund cuts Delhivery stake to 5.69%
Medial

SBI Mutual Fund cuts Delhivery stake to 5.69% SBI Mutual Fund has trimmed its stake in logistics major Delhivery, bringing its shareholding down by more than 2% from the previously reported level. According to the letter, SBI Mutual Fund had earlier disclosed a 7.91% stake in Delhivery in April 2023. The fund has now sold 18.18 lakh shares, representing 0.24% of Delhivery’s paid-up equity capital. Taking Delhivery’s closing price of Rs 409 on December 22, the transaction is estimated to be worth around Rs 74 crore. After the transaction, SBI Mutual Fund now holds a total of 4.25 crore shares of Delhivery, which is equivalent to 5.69% of the company’s total paid-up share capital. Financially, Delhivery’s revenue from operations grew 17% to Rs 2,559 crore in Q2 FY26 from Rs 2,190 crore in Q2 FY25. The company posted a loss of Rs 50 crore in Q2 FY26, compared to a profit of Rs 10 crore in Q2 FY25. For the half year, its profit decreased by 37% to Rs 40.5 Cr in H1 FY26 as compared to Rs 64.5 Cr in H1 FY25. Delhivery’s share price is currently trading at Rs 409.8 (as of 12:53 PM) on NSE, giving the company a market capitalisation of Rs 30,656 crore (approximately $3.4 billion).

QRG Investments offloads Awfis’ shares worth Rs 141 Cr

EntrackrEntrackr · 5m ago
QRG Investments offloads Awfis’ shares worth Rs 141 Cr
Medial

QRG Investments offloads Awfis’ shares worth Rs 141 Cr QRG Investment has sold its 82% stake in co-working solutions firm Awfis through a bulk deal. The investor has offloaded its 24,07,800 shares at Rs 585.14 per share for Rs 140.9 crore. According to a corporate disclosure on the National Stock Exchange (NSE), the investor has offloaded its 24,07,800 shares at Rs 585.14 per share for Rs 140.9 crore. Prior to this, QRG had offloaded 3,67,408 Awfis’ shares last month, aggregating to Rs 22 crore, taking its total disinvestment to 94% of its overall stake in the company. As of March 2025, QRG Investments owned 29,39,074 shares of Awfis, forming a total of 4.11% of Awfis' total captable. QRG Investments and Holdings Limited, the promoter holding arm of QRG Group, operates as a mid-tier NBFC. On the other hand, HSBC MUTUAL FUND picked up 9,18,300 shares of Awfis at a price of Rs 585 per share, which totaled to Rs 53.72 crore in a bulk deal. Earlier this month, VBAP Holdings Private Limited also sold its 23.6% stake in Awfis through a bulk deal for Rs 56.8 crore. Awfis’ revenue from operations grew 30% year-on-year to Rs 335 crore in Q1 FY26 from Rs 258 crore in the same quarter last year. The company’s profit surged 3.5X to Rs 10 crore in Q1 FY26, from Rs 2.8 crore in Q1 FY25 in the same period. Awfis’ stock is trading at Rs 577 with a total market capitalization of Rs 4,126 crore.

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