Other Deals - Listed Firms
Digital brokerage Zerodha buys Rs.93-Cr worth stake in gaming co. Nazara via bulk deal
Discount brokerage firm Zerodha has purchased over 35 lakh shares of Mumbai-based gaming company Nazara Technologies in a bulk deal valued at INR 93.05 crore, with shares price d at INR 265.85 each. Additionally, Axana Estates - a partnership between CaratLane founder Mithun Sacheti and Plutus Wealth Management founder Arpit Khandelwal - acquired 1.48 Cr shares for INR 392.9 crore.The shares were offloaded by Mitter Infotech, an entity belonging to the promoter group of Nazara Technologies. The entity sold 42 lakh shares on the NSE and 1.51 crore shares on the BSE.Zerodha co-founders Nikhil and Nithin Kamath already held a 3.51% stake in Nazara through their investment entities, NKSquared and Kamath Associates.Founded in 2000 by Nitish Mittersain, Nazara operates across mobile gaming, esports, gamified early learning, and ad-tech, owning properties such as World Cricket Championship (WCC), Kiddopia, Sportskeeda, and Nodwin Gaming.
Between Oct 2005 and Jan 2025, Nazara Technologies had attracted about $407 M from WestBridge, 360 ONE, Rare Enterprises, Plutus Wealth Management, Orchid Asia, GIC, Think Investments and others.For FY25, Nazara Technologies had reported about INR 34 Cr in Operating Income and about INR 28 Cr in PAT.
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