- Major stake sale in multiple tranches
- Rekha Jhunjhunwala, widow of renowned investor Rakesh Jhunjhunwala, exited her entire position in Nazara Technologies during June 2025.
- Between June 2–6, she sold 17.38 lakh shares for approximately ₹218 crore.
- On June 13, she offloaded another ~27 lakh shares via bulk deals on BSE and NSE—valued at ₹334 crore—bringing total cash-out to ₹374 crore
- Complete divestment ends family legacy stake
- This marks a clean exit for the Jhunjhunwala family from Nazara, as formerly over 10% stake held in June 2022 now stands at zero
- Share price reacts positively
- Following the sales, Nazara shares rose ~2% to a new 52-week high of ₹1,353.55 on June 16—also near a four-year peak—suggesting positive investor sentiment
- Q4 performance context
- Although precise Q4FY25 figures weren’t cited, open market timing coincided with quarterly earnings, indicating the stake sale may also reflect evolving confidence in Nazara’s financial trajectory
- Investor implications
- The exit may prompt investors to reassess Nazara’s future ownership and governance, though the strong share price performance suggests a resilient market response.
