Russia is taking out a lot of insolvency of investors in Ukraine war stock market. With the fall in the market every day, investors lose crores of rupees. These investors include not only small but also big investors. One of India’s biggest investors Big Bull Rakesh Jhunjhunwala is also facing big losses during this period. The shares of gaming technology company Nazara Technology in his portfolio have seen a decline of 27 per cent. Due to this, Jhunjhunwala has suffered a loss of about Rs 212 crore.
Jhunjhunwala’s 10% stake: The IPO of Nazara Technologies came in March last year. The company received a great response from the investors. The shares were listed at a premium of 79 per cent over the issue price. Rakesh Jhunjhunwala already has a stake in the company before the company’s listing. According to the data given to the exchange, Jhunjhunwala holds 32,94,310 shares of the company, which is 10.08 per cent of the total equity of the company.
Company’s price history: Talking about the last one year, the share of Nazara Technologies has seen a rise of 10.55 percent. About a year ago, on 30 March 2021, the share price was Rs 159 per share on NSE, which reached Rs 1760 by the close of the market on 7 April 2022. In the last 6 months, there has been a fall of 3.05 percent in the share price, whereas on January 1 this year, the share price was Rs 2403 per share, which fell to Rs 1760 till the close of the market on 7 April 2022. There has been a fall of about Rs 643.55 (27 per cent).
200 crore loss to Rakesh Jhunjhunwala: Rakesh Jhunjhunwala of Nazara Technologies has about 32,94,310 (10.08 per cent) shares, while on the basis of the fall of Rs 643.55 in the stock this year, then according to Rakesh Jhunjhunwala (32,94,310×643.55) there is a loss of Rs 212 crores. Has happened.
Company ProfileNazara Technologies is a gaming tech company. The company’s business is spread across India as well as Africa and North America.