Private Equity

Liquidity Events

Rakesh Jhunjhunwala family fully exits gaming firm Nazara Tech

Times of India  

The family of late investor Rakesh Jhunjhunwala (promoter of Rare Enterprises) has fully exited its stake in listed gaming firm Nazara Technologies.Rekha Rakesh Jhunjhunwala, sold 27.2 lakh shares, worth INR 333.8 crore, through bulk deals in the open market executed on both the NSE and BSE, on June 13. Prior to that, she sold 17.2 lakh shares between June 9-12. The Jhunjhunwala family no longer holds any stake in Nazara.

In Dec 2017, Nazara Technologies had raised about USD 28 M from Rare Enterprises. The company went public in Mar 2021.