The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Mitter Infotech LLP & PACs
NAZARA · price
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Mitter Infotech LLP, a promoter entity of Nazara Technologies, has sold 1,92,46,268 shares (5.195% stake) in an open market transaction on May 15, 2026. Following the sale, Mitter Infotech LLP's holding dropped from 6.092% to just 0.897%, reducing its position from 2.26 crore shares to just 33.23 lakh shares. The Persons Acting in Concert (PAC) including Nitish Mittersain, Vikash Mittersain, and others continue to hold their 82.04 lakh shares (2.215%). The total promoter group holding now stands at 3.112% (down from 8.307%), indicating a significant reduction in promoter skin in the game.
A substantial 5.195% stake sale by a promoter entity in the open market signals potential dilution of promoter confidence or portfolio rebalancing. The sharp reduction in Mitter Infotech LLP's holding from over 6% to under 1% could be a concern for investors regarding insider conviction in the company's prospects.