The Online Gaming Bill 2025 has taken a heavy toll on gaming stocks such as Nazara Technologies, as it has crashed by nearly 28% in the past four sessions. But ace investor Rekha Jhunjhunwala, who is the wife of late market mogul Rakesh Jhunjhunwala, made one of the crucial decisions in offloading Nazara Tech a few weeks prior to the bill. She managed to save a whopping Rs 334 crore loss.
Here are 10 key pointers to know!
Recently in August, the lower house of Parliament, Lok Sabha, approved the crucial Online Gaming Bill 2025, which bans online money gaming companies from asking for real money on their platforms.
2. Following the approval of the bill, gaming stocks went into extreme selling pressure. Nazara stock has been nosediving since August 20th. Last week, on August 20th, the stock crashed by nearly 13% at the closing bell, followed by a 1.3% decline on August 21 and a dip of 4.13% on August 22 on the BSE. However, the stock dropped by another 12% to hit an intraday low of Rs 1,015.45 on August 25. So far, in four sessions, Nazara Tech has crashed by nearly 28%. This is a massive loss for investors of Nazara, which once upon a time also included ace investor Rekha Jhunjhunwala.
3. Rekha Jhunjhunwala and her late husband, Rakesh, were prominent investors of Nazara way before the company listed on BSE and NSE in 2021. However, over time, these two investors have reduced their holdings in Nazara significantly.
4. From March 25, 2021 to March, 2025, Jhunjhunwala's holding in Nazara dropped from 10.82% to 7.06%. In June 2025, Rekha, who is managing her and husband portfolio, made a sharp sale in Nazara.
5. She sold about 13 lakh shares on the BSE and 14.2 lakh shares on the NSE on June 13, 2025, at an average share price of Rs 1,225 per share. These shares that were sold were valued atRs 334 crore at that time, as per the bulk deal data on both BSE and NSE.
6. As per Trendyne data, Jhunjhunwala's holding in Nazara is now below 1% for the first time. That being said, the ace investor definitely escaped a huge loss!
7. Nazara Tech-backed Dream11, WinZo, and PokerBaazi, among others, are shell-shocked. Nazara Tech has come forward in explaining the impact of the Online Gaming Bill on its operations and business. But the leading gaming company is already feeling the deep stress on its business.
8. On August 22, Nazara announced that its associate company, Moonshine Technologies, where it holds a 46.07% stake, has ceased offering real money online gaming operations. Nazara said it will evaluate the future course of action following the enactment of the Bill.
9. Earlier on April 20, 2025, the company had clarified over media reports that Nazara has no direct exposure to real money gaming (RMG) businesses. As per its latest reported financials (Q1-26), the contribution to Revenues and EBITDA by RMG business is NIL. That time, Nazara said its direct exposure in real-money games is through a stake in Moonshine, but this associate company's revenue is not consolidated in the Company's financial statements and has no impact on the Company's reported Revenue or EBITDA. The contribution to PAT by Moonshine as a share of profit & loss by associate is negative in Q1-26.
10. Nazara overall has invested up to Rs 805 crore for equity shares in Moonshine through a combination of cash and stock. Also, it holds additional compulsory convertible shares amounting to Rs 255 crore in Moonshine. In total, Nazara's exposure is around Rs 1,060 crore.
Investors are closely monitoring the situation at gaming companies. However, the impact is likely to hit revenues of real-money games and overall online games.
For investment related articles, business news and mutual fund advise
Click it and Unblock the Notifications
Sign in with Google