Rekha Jhunjhunwala offloads entire stake in Nazara Technologies
Rekha Jhunjhunwala offloads complete ownership of Nazara Technologies, reaping profits quadrupled in value.
In a significant move, Rekha Jhunjhunwala, wife and executor of the Estate of the late Rakesh Jhunjhunwala, has shed her entire stake in gaming and esports firm, Nazara Technologies. A regulatory filing on June 13, 2025, reveals that she had 44,45,120 shares and a 5.07% stake in the company as of June 6, 2025.
From June 9 to June 12, 2025, the Estate of the late Rakesh Jhunjhunwala sold a total of 17,21,500 shares, which accounted for 1.9648% of the company's stake. With the additional selling of 27,23,620 shares on June 13, 2025, her ownership in Nazara Technologies plummeted to 3.01% by the end of the transactions.
As of now, the filing states that the Estate of the Late Mr Rakesh Jhunjhunwala holds no shares in Nazara Technologies Limited.
According to market sources, Rekha Jhunjhunwala offloaded 14.23 lakh shares of Nazara Technologies on the National Stock Exchange (NSE) and 13 lakh shares on the Bombay Stock Exchange (BSE), resulting in a total transaction value of Rs 333.76 crore. However, no specific reason has been provided for the sale.
Rakesh Jhunjhunwala, often referred to as India's "Big Bull," invested Rs 180 crore in Nazara Technologies back in 2017-18. The recent sale is estimated to yield approximately Rs 770 crore, making it a profitable exit with returns of 4-fold for the Estate.
Despite the sale, the shares of Nazara Technologies rallied 7.6% each on June 13, 2025, hitting a 52-week high of Rs 1,341.80 and Rs 1,340 per share on the NSE and BSE, respectively.
While sources do not reveal the reason behind the sale, Rekha Jhunjhunwala may have chosen to diversify her investment portfolio or may have found other potential investment opportunities elsewhere. Keep an eye on our website app and business news sections for updates.
*Sources:
- Entrepreneur India
- PTI News
- The Hindu BusinessLine
- Business Standard
- Moneycontrol
- Rekha Jhunjhunwala, the executor of the Estate of the late Rakesh Jhunjhunwala, earlier had a stake in Nazara Technologies, a gaming and esports firm, but recently offloaded her entire investment in the company.
- The sale of shares by Rekha Jhunjhunwala resulted in a total transaction value of Rs 333.76 crore, yielding approximately Rs 770 crore, making it a profitable exit with returns of 4-fold for the Estate.
- Despite Rekha Jhunjhunwala's sale of shares, the stocks of Nazara Technologies rallied 7.6% each on June 13, 2025, hitting a 52-week high, indicating a positive sentiment in the defi market exchange.
- The reason behind Rekha Jhunjhunwala's decision to sell her shares remains unknown, but it's possible she was seeking to diversify her investment portfolio or find other potential investment opportunities in the business world.
