SBI Mutual Fund Offloads 2.43% Stake in Nazara Technologies for ₹216 Crore

Stake divestment by SBI Mutual Fund:
• SBI Mutual Fund divested a 2.43 per cent equity stake in Nazara Technologies through open‑market bulk deals.

Transaction value:
• The stake sale was executed at an average share price of around Rs 240 per share, bringing the total transaction value to approximately Rs 216 crore.

Shares sold:
• In the transaction, SBI Mutual Fund sold 45.09 lakh shares on the NSE and 45 lakh on the BSE, amounting to a total of about 90 lakh shares.

Reduction in holding:
• Prior to this divestment, SBI Mutual Fund held about 5.78 per cent of Nazara’s paid‑up equity. After the sale, its shareholding declined to approximately 3.35 per cent.

Market reaction:
• Following the bulk deal, Nazara Technologies’ share price rose over 6 per cent, closing higher on both the BSE and NSE, indicating strong market absorption of the trade.

Buyer information:
• Detailed information about the buyers of these Nazara shares was not disclosed in the stock exchange data.

Source: https://www.thehindubusinessline.com/markets/stock-markets/sbi-mutual-fund-sells-243-stake-in-nazara-technologies-for-rs-216-crore/article70451779.ece

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