The new rules on the online gaming sector and the strict stance of the government have made a profound impact on the price of shares of Nazara Technologies. In this stock, two big investors, Nikhil Kamath and Madhusudan Banana have lost more than 100 crores in just four business days.
Explain that this loss is on a mark-to-market basis, that is, the current market has been extracted according to the price. If they bought shares at cheap prices long ago, they can still be in total profit.
Large losses occurred in just four days
The value of Kamath’s stake was Rs 211 crore on August 19, which declined to Rs 152.7 crore in just four days. That is, Nikhilkamath suffered a loss of about Rs 58.3 crore. Meanwhile, the value of Madhusudan Banana’s share was also reduced from Rs 153.63 crore to Rs 111.25 crore, causing a loss of Rs 42.38 crore.
According to the June 2025 quarterly shareholding, Nikhil Kamath’s company Kamath Associates has about 1.6 million shares (1.62%) of the view, while Madhusudan Banana has about 11 lakh shares (1.18%).
Nazara Technologies: Heavy fall in shares
Nazara’s shares have fallen by about 26.6% in four days. On August 25, Intrade of this stock reached Rs 1,014.75, which was about 11% decline in a day. The major reason for this decline is being given that online gaming rules proposed by the government are being given.
Rekha Jhunjhunwala already sold shares
Even before this decline, veteran investor Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala sold all the shares of Nazara in June 2025. He had a 7.06% stake (61.8 lakh shares) by March 2025, which he sold at an average price of about Rs 1,225 per share.
Government of India online gaming bill
The Government of India has recently made new rules for online gaming sector, which are being called online gaming bill. The purpose of this bill is to make the online gaming industry more transparent, prevent fraud in sports and ensure safety of players.