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HomeMarket NewsIndia's largest fund house sold shares of this gaming company on Monday
Based on the September quarter shareholding, SBI MF had a 5.9% stake in Nazara Tech. Based on the number of shares it owns, the fund house is likely to have sold just over 1% of its holding in that transaction. As of September 30, SBI MF owned 2.1 crore shares of Nazara Technologies.
Shares of Nazara Technologies Ltd. surged as much as 6% on Monday, after a large transaction took place in the stock, in which, India's largest fund house was a seller.
SBI Mutual Fund sold 45 lakh shares of Nazara Technologies on Monday, as per the block deal data available on the exchanges. Shares were sold at an average price of ₹240.18. The stock saw a big spike post noon during Monday's trade, and ended at ₹252.
Based on the September quarter shareholding, SBI MF had a 5.9% stake in Nazara Tech. Based on the number of shares it owns, the fund house is likely to have sold just over 1% of its holding in that transaction. As of September 30, SBI MF owned 2.1 crore shares of Nazara Technologies.
Mutual funds held a 6.6% stake in Nazara Tech at the end of the September quarter.
Among other public shareholders, Think India Opportunities Fund had a 2.58% stake while Madhusudan Kela's Cohesion Mk Best Ideas sub-Trust had a 1.6% stake. Kamath Associates and Nksquared had a 1.66% and 1.93% stake respectively, while over 1 lakh retail shareholders, or those with authorized share capital of up to ₹2 lakh, had a 8.73% stake.
Shares of Nazara Technologies ended 6.1% higher on Monday at ₹252. The stock has been flat in 2025, having gained 18% in 2024.
