Thursday, 21 August, 2025
Nazara Shares Plunge 23% as Gaming Ban Threatens PokerBaazi Investment
Nazara Technologies’ stock tumbled approximately 23% in two days, including an 11% drop on Thursday, after the Lok Sabha passed the Promotion and Regulation of Online Gaming Bill, 2025, which bans real-money online games. The sell-off was driven by investor concerns over its ~₹800 crore investment in PokerBaazi’s parent, Moonshine Technology, now at risk of being written off. Despite this, Nazara maintains its core businesses remain unaffected.
Read full story at Economic Times