Rekha Jhunjhunwala dodged the Nazara crash – However which large buyers are nonetheless caught with the inventory after gaming ban?

Rekha Jhunjhunwala is beneath highlight for her well timed exit from Nazara Technologies simply weeks earlier than the federal government launched the Online Gaming Bill 2025, which bans actual cash gaming. Jhunjhunwala offloaded her total stake within the firm by way of a household entity in June, nicely forward of the regulatory blow.

Her transfer has sparked debate throughout social media, whereas a number of marquee buyers at the moment are going through the brunt of the crash. Zerodha co-founder Nikhil Kamath, ace investor Madhusudan Kela, and Plutus Wealth Management’s Arpit Khandelwal have collectively seen heavy losses as Nazara shares plunged over 17% within the final 5 market classes.

Shortly after the announcement, ICICI Securities lower its goal value on the inventory by 27% to ₹1,100 from ₹1,500, reducing its score to ‘Reduce’.

Stake of buyers in Nazara

According to a regulatory submitting, the Estate of Late Rakesh Jhunjhunwala, at present owned by his spouse Rekha Jhunjhunwala held 44,45,120 shares (5.07%) within the agency as of June 6, 2025. Between June 9-12, they offered 17,21,500 shares (1.96%), adopted by 27,23,620 shares on June 13, resulting in a complete stake discount of 5.07%.

Nikhil Kamath, by way of Kamath Associates and NKsquared, owned 3.51% stake within the firm, whereas Madhusudan Kela held 1.18% in Nazara as on June 30. Arpit Khandelwal, on his identify, held 7.44% stake within the agency as on June 30. Khandelwal’s Plutus Wealth Management additionally owned 10.91% in Nazara.

Why did Nazara shares crash?

Nazara Technologies is an India-based firm that gives a gaming and sports activities media platform with choices in interactive gaming and eSports. It was hit by the gaming ban due to the sudden promoting strain.

Nazara Technologies shares closed 4.13% decrease at ₹1,155.75 after Friday’s inventory market session, in comparison with ₹1,205.60 on the earlier market shut.

Shares of the gaming and esports firm have misplaced over 19% within the final one-month interval. However, the shares have a historical past of giving market buyers greater than 37% returns within the final 5 years and 21.81% positive factors within the final one-year interval, Mint reported earlier.

What is the real-money gaming ban?

India’s Parliament handed the Promotion and Regulation of Online Gaming Bill, 2025, which bans real-money on-line video games. President Droupadi Murmu signed the Promotion and Regulation of Online Gaming Act, 2025 into legislation on Friday, August 22, 2025. 

As a direct outcome, main real-money gaming companies like Dream Sports (mum or dad of Dream11), Mobile Premier League (MPL), Zupee, Gameskraft, Probo, and others have already begun suspending operations.