Indian billionaire Rika Jungjunwala made headlines after selling her entire 7.06% stake in Nazara Technologies (61.8 million shares) in June 2025, for nearly 334 crore rupees.
And here’s the surprise: Just two months later, the Electronic Gaming Law of 2025 was enacted, which bans all forms of electronic gaming played with real money, while promoting esports and social gaming. The figures:
• Stake: 7.06% = 61.8 million shares
• Date of Sale: June 13, 2025 → 13 million shares on the Bombay Stock Exchange + 14 million shares on the Indian Nasdaq
• Average Price: Approximately 1225 Indian Rupees per share
• Deal Value: Approximately 334 crore Indian Rupees
• Current Price: 1193.90 Indian Rupees (Nazara's stock has decreased by 15.85% in 5 days)
• Market Capitalization: 11153 crore Indian Rupees (as of August 21)
• Net Worth:
According to Forbes, Rika Jungjunwala's net worth currently stands at 8.3 billion US dollars.
She inherited a valuable investment portfolio from her late husband Rakesh Jungjunwala, often referred to as the Warren Buffett of India.
Bill Proposal:
• Both the House of Representatives (Lok Sabha) and the Senate (Rajya Sabha) approved the Electronic Gaming Promotion and Regulation Bill of 2025.
• This law bans internet games played with real money.
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