Nazara Technologies Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 '.
NAZARA · price
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On the reaction day the stock moved 3.4 pts less than Nifty Microcap 250 and 3.6 pts less than its Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Nazara Technologies has informed exchanges that Moonshine Technologies Private Limited (Pokerbaazi), its associate company in which it holds a 46.07% stake, has stopped offering real money online gaming operations. This follows the passage of the Promotion and Regulation of Online Gaming Bill, 2025 by Parliament on August 21, 2025, which is pending enactment. The cessation is being done as a precaution ahead of the Bill becoming law. Nazara said it will evaluate the future course of action once the Bill is formally enacted. The disclosure is being made voluntarily under SEBI's Regulation 30 to keep investors informed.
This is a negative development for Nazara shareholders since Pokerbaazi was a key associate in the real money gaming segment, and the stoppage of its core business is likely to hit Nazara's share of profits and overall revenue. The stock may see short-term pressure as the market digests the regulatory risk to a meaningful portion of the company's value.