STAR JHUNJHUNWALA💥
star investor Rekha Jhunjhunwala offloaded her entire stake in Nazara Technologies in June, well before the government's Online Gaming Bill led to a sharp selloff in the stock. The decision shielded her portfolio from losses of over Rs 334 crore as the company's shares tumbled nearly 18% in the past Online Gaming Bill, 2025, approved by President Droupadi Murmu on Friday, bans all real-money online games. The law has forced platforms like Dream11, WinZo, and PokerBaazi (backed by Nazara Tech) to halt cash play, sending gaming stocks into a tailspin.
In March, Ms Jhunjhunwala held a 7.06% stake in Nazara Technologies, amounting to 61.8 lakh shares. On June 13, she sold her entire holding, 13 lakh shares on the BSE and 14.2 lakh shares on the NSE, at an average price of around Rs 1,225 per share. The transaction was valued at close to Rs 334 crore, according to bulk deal data from both exchanges.#HEMIBinanceTGE #solana
