Zerodha (Zerodha Broking Ltd) bought over 35 lakh shares of Nazara Technologies in a bulk deal priced at ₹265.85 per share, worth ₹93.05 crore. Alongside, Nazara promoter Axana Estates acquired 1.48 crore shares for ₹392.9 crore. The selling side was promoter group entity Mitter Infotech LLP, which offloaded 42 lakh shares on NSE and 1.51 crore shares on BSE, bringing its stake to 6.09% as of March quarter. Nazara shares surged intraday to ₹314 before closing at ₹300.10.
Nazara Technologies shares surged up to 18% to Rs 314 on Friday after a block deal reportedly covering nearly 4.9% of the company’s equity. The CNBC-TV18 report points to Nikhil Kamath of Zerodha and Axana Estates as likely buyers, with founder Nitish Mittersain believed to be the seller. Despite Q4FY26 revenue falling 23% YoY to Rs 398 crore, net profit jumped more than 13-fold to Rs 56 crore. Management also highlighted AI investments.
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Gaming and sports media firm Nazara Technologies says its board has approved a plan to raise Rs 500 crore via a preferential issue of warrants. The proposal signals a fast route to funding and could reshape near-term financing and investor participation, depending on how and when the warrants are exercised.
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