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Nazara Tech acquires 73% stake in a US company at Rs 16 Cr; Analysts expect huge upside potential

Nazara Tech acquires 73% stake in a US company at Rs 16 Cr; Analysts expect huge upside potential

Backed by the late ace-investor Rakesh Jhunjhunwala, Nazara Technologies Ltd. communicated in a filing with stock exchanges that it has purchased Pro Football Network, an online platform that follows and studies the National Football League of the USA for a consideration of $ 1.82 million or Rs 16 crore. As per the recent shareholding data [...]
Did Rakesh Jhunjhunwala’s bet on this stock go wrong?

Did Rakesh Jhunjhunwala’s bet on this stock go wrong?

Rakesh Jhunjhunwala backed gaming stock Nazara Technologies Limited bled 45% in 4 months.Ace investor Rakesh Jhunjhunwala held a 10.1% stake in the company as of December 31 and as per sources, he reduced his stake recently.Currently, the stock is trading at 8.83 times its book value, but its already low promoters holdings have decreased by [...]
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