Rekha Jhunjhunwala Exits Nazara Before Gaming Bill, Avoids ₹334 Crore Loss

As per news reports, Rekha Jhunjhunwala sold her entire stake in Nazara Technologies in June 2025, just months before the Online Gaming Bill was signed into law by President Droupadi Murmu. This timely exit helped her avoid losses of nearly ₹334 crore as the stock fell sharply following the ban on real-money online gaming.

Rekha Jhunjhunwala’s Complete Stake Sale in Nazara

In March 2025, Rekha Jhunjhunwala held a 7.06% stake in Nazara Technologies, amounting to 61.8 lakh shares. On June 13, she sold the full holding by offloading 13 lakh shares on BSE and 14.2 lakh shares on NSE at an average price of around ₹1,225 per share. The transactions were valued at nearly ₹334 crore as per bulk deal data from exchanges.

This divestment also marked the end of the Jhunjhunwala family’s association with Nazara, as late Rakesh Jhunjhunwala earlier owned a 10.82% stake, later inherited by Rekha Jhunjhunwala after his passing.

Impact of the Online Gaming Bill on Nazara

The Online Gaming Bill, 2025, which bans all real-money online games, was approved on August 22, 2025. Platforms such as Dream11, WinZo, and PokerBaazi, associated with Nazara, were forced to halt cash play. Investor sentiment weakened, leading to heavy selling pressure across gaming stocks.

Nazara’s shares declined 17.58% in the last 5 trading sessions and lost over 19% in the past month. 

Read More: Online Gaming Firms Likely to Move Court to Challenge Real Money Gaming Ban!

Other Investors Maintain Holdings

While Rekha Jhunjhunwala exited fully, other prominent investors remain invested. Madhusudan Kela holds 10.96 lakh shares, equal to 1.18%, while Zerodha co-founder Nikhil Kamath, through Kamath Associates, owns 15.04 lakh shares or 1.62% of Nazara Technologies.

Despite recent turbulence, Nazara has delivered robust long-term returns with over 37% gains in the last 5 years and nearly 22% in the past 1 year, making it one of the notable performers in the gaming space.

Conclusion

Rekha Jhunjhunwala’s timely divestment of her 7.06% stake in Nazara Technologies ahead of the Online Gaming Bill significantly shielded her portfolio from losses of nearly ₹334 crore. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities are subject to market risks. Read all related documents carefully before investing.