Through a bulk deal, SBI Mutual Fund reduced its ownership of Nazara Technologies. At an average price of Rs 240.18 per share, the mutual fund institution sold 45,09,360 Nazara equity shares, bringing the total transaction value to around Rs 108 crore.

Key Highlights

• SBI Mutual Fund sold Nazara Technologies shares worth ₹108 crore through a bulk market transaction.
• The deal reflects institutional portfolio rebalancing amid ongoing activity in listed gaming stocks.

SBI MF owned 2.14 crore shares, or 5.78% of Nazara, before to the transaction. Following the transaction, it now owns 1.69 crore shares, or 4.55% of the total paid-up equity.

Nazara's operating revenue increased from Rs 319 crore in Q2 FY25 to Rs 526 crore in Q2 FY26, a 65% increase.

Nazara saw a total decrease of Rs 914.70 crore in its investment in Moonshine Technologies following the passage of the Promotion and Regulation of Online Gaming Act.

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Compared to a profit of Rs 18 crore in Q2 FY25, the company reported a loss of Rs 34 crore in Q2 FY26. The company's profit fell 57.5% on a half-yearly basis, from Rs 40 crore in H1 FY25 to Rs 17 crore in H1 FY26.

Due to the implementation of the Promotion and Regulation of Online Gaming Act, 2025, Nazara canceled its plans in August of this year to purchase a minority share in Moonshine Technology Private Limited, the parent company of online poker platform PokerBaazi.