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

EntrackrEntrackr · 6d 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).

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.

Rekha Jhunjhunwala cashes out Rs 374 Cr from Nazara in June

EntrackrEntrackr · 7m ago
Rekha Jhunjhunwala cashes out Rs 374 Cr from Nazara in June
Medial

Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, has trimmed her stake in gaming services provider Nazara Technologies Limited during June, as per data available on the BSE. Rekha Jhunjhunwala offloaded 29.75 lakh shares of Nazara Technologies between June 2 and June 10. Based on the average trading price of Rs 1,256.5 during this period, the sale is estimated to be worth around Rs 374 crore. According to the disclosure filed with the Bombay Stock Exchange, Rekha Jhunjhunwala’s shareholding in Nazara Technologies dropped from 7.05% (61.83 lakh shares) as of June 1, 2025, to 3.66% (32.08 lakh shares). As per the shareholding pattern as of March 2025, SBI Mutual Fund holds an 8.37% stake in the company, while Plutus Wealth Management owns 11.54%. NK Squared along with Kamath Associates, both linked to Nikhil Kamath, collectively hold a 3.72% stake. Last month, the Competition Commission of India (CCI) approved the acquisition of a majority stake and control over Nazara Technologies Limited by Axana Estates LLP, Plutus Wealth Management LLP, and Junomoneta Finsol Private Limited. Nazara Technologies has completed four acquisitions in 2025 so far. In January, it acquired two popular mobile game titles King of Thieves and CATS: Crash Arena Turbo Stars from ZeptoLab for $7.7 million. In May, the company acquired UK-based game publisher Curve Games for Rs 247 crore. During the same month, its subsidiary Sportskeeda acquired wrestling news platforms TJRWrestling.net and ITRWrestling.com from Titan Insider Digital in an all-cash deal worth Rs 10.5 crore. On the financial front, Nazara Technologies reported revenue of Rs 520 crore in the final quarter of the previous fiscal year, along with a profit of Rs 4 crore. For the full year FY25, the company recorded a 40.8% year-on-year growth in total income, to Rs 1,715 crore from Rs 1,218 crore in FY24. Nazra is currently trading at Rs 1,276.5 with a total market capitalization of Rs 11,184 crore (approximately $1.31 billion).

Nazara Technologies increases stake in Next Wave Multimedia

EntrackrEntrackr · 1y ago
Nazara Technologies increases stake in Next Wave Multimedia
Medial

Nazara Technologies Limited has acquired 1,000 equity shares of Next Wave Multimedia and increased its equity holding in the latter to 74.88% from 71.88%. The company has paid Rs 2.3 crore as the first tranche and will discharge the balance amount in due course, Nazara said in a stock exchange filing. Nextwave remains a subsidiary of Nazara Technologies. The second tranche will include buying 8,375 shares, representing 25.12% of Nextwave Multimedia, for Rs 19.33 crore either by cash or stock issuance of Nazara Technologies within six months of the closure of the first tranche. Nazara first acquired a majority stake in Nextwave Multimedia in 2018 and increased its stake to 71.88 percent in May 2023. Last month, Mumbai-based Nazara Technologies raised Rs 855 crore (approximately $100 million) through a preferential issue. The board approved the allotment on November 27, 2024, after receiving application funds from eligible investors. In the September quarter (Q2 FY25), Nazara Technologies reported a 7.3% year-on-year increase in revenue to Rs 318.94 crore, while its profit grew by 10.85% to Rs 21.97 crore. Recently, gaming and esports company Nodwin Gaming has received approval of Rs 64 crore in funding from its parent company Nazara Technologies. It also acquired Trinity Gaming for Rs 24 crore.

SBI Mutual Fund cuts Delhivery stake to 5.69%

EntrackrEntrackr · 14d 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).

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