Samyag

Corporate Actions

Back

Nazara Technologies surges on reports of Nikhil Kamath-linked block deals

15-May-26 16:27 Hrs IST

According to reports, Zerodha co-founder Nikhil Kamath and existing shareholder Axana Estates LLP were likely among the buyers in the transactions.

Reports further suggested that Nazara Technologies founder Nitish Mittersain was likely the seller in the block deals.

At the end of the March 2026 quarter, Nitish Mittersain held a 2.18% stake in the company, while Axana Estates LLP owned 5.4%.

Nikhil Kamath, through Kamath Associates, held a 1.62% stake in the company. NKSquared, the investment firm led by Nikhil Kamath and Nithin Kamath, held an additional 1.89% stake.

Nazara is India's only publicly listed gaming company with businesses spanning Kiddopia, Animal Jam, World Cricket Championship, Sportskeeda, Curve Games, Fusebox Games, Funky Monkeys, Smaash Entertainment and ad-tech unit Datawrkz. With operations across India, North America and other markets, it is building a global gaming platform with strong IP and publishing capabilities.

On a consolidated basis, Nazara Technologies reported a 305% jump in PAT from continued operations to Rs 56 crore in Q4 FY26, despite a 24% decline in net sales to Rs 398 crore compared with Q4 FY25.

The company said the YoY decline in revenue was primarily due to the deconsolidation of Nodwin from August 2025. Adjusted for the Nodwin impact, Q4 FY26 revenue grew 8% YoY.

Powered by Capital Market - Live News

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.