India's Nazara Tech set for record 2-day fall
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Nazara Technologies anticipates a potential write-off of its ₹800 crore PokerBaazi investment if the proposed online gaming bill restricts real money gaming. Despite this risk, the company's overall financial performance remains unaffected,
Stock slumps 22 per cent in two days as investors react to Online Gaming Bill; company clarifies no direct RMG exposure.
Nikhil Kamath, via Kamath Associates and NKsquared, owned 3.51 per cent stake in the online gaming platform, while Madhu Kela held 1.18 per cent in Nazara. Khandelwal held 68,92,420 shares or 7.44 per cent stake.
For Nodwin’s cofounder, this transition is not about separating from Nazara, but about enabling flexibility and bringing in more investors
Shares of Nazara Technologies sharply dropped despite having no direct exposure to real money gaming. The decline follows the passing of the Promotion and Regulation of Online Gaming Bill, 2025, in the Lok Sabha,
The digital entertainment company recently clarified media reports concerning the proposed Promotion and Regulation of Online Gaming Bill, 2025, stating that it does not expect any material adverse impact on its financial performance (Revenue or EBITDA).
Nazara Tech has no direct exposure to real money gaming but holds a 46.07 per cent stake in Moonshine Technologies, the parent of PokerBaazi