Rekha Jhunjhunwala Halves Nazara Technologies Stake to 3.6% in June Sales

Rekha Jhunjhunwala, wife and executor of the Estate of late investor Rakesh Jhunjhunwala, has strategically reduced the Estate's stake in Nazara Technologies by nearly half, bringing it down from 7.05% to approximately 3.6% through open market sales in June 2025. She sold over 29 lakh shares in two tranches, with 17.38 lakh shares sold between June 2-6 and an additional 12.36 lakh shares sold on June 9-10, with the shares trading around Rs 1,273.50 on the BSE. This significant divestment marks a notable shift in the Jhunjhunwala portfolio's holdings in the gaming and esports firm, which has seen its stock price rise about 10% over the past month. Nazara Technologies recently reported a strong financial quarter, with net profit rising to Rs 4 crore in Q4 FY25, and revenue nearly doubling to Rs 520 crore, driven by growth in core gaming products like Fusebox and Animal Jam. The company's margins remained resilient despite increased investments in user acquisition and new intellectual property integrations. Rakesh Jhunjhunwala was an early investor in Nazara, holding over 10% stake as of mid-2022, underscoring the significance of this portfolio adjustment.