Jhunjhunwala’s investment in Nazara Tech rises to ₹432 crore
March 14, 2021
Rakesh Jhunjhunwala, stock-market investor - PAUL NORONHA×
India’s Warren Buffett had invested about ₹180 crore in the Mumbai-based diversified gaming and sports media platform in 2018
Big bull Rakesh Jhunjhunwala’s investment in Nazara Technologies Ltd is pegged at about ₹432 crore as the gaming and sports media platform hits the market with a ₹583-crore Initial Public Offering on Wednesday.
This is based on the upper price band of ₹1,101 a share as Jhunjhunwala holds 32.94 lakh shares or 10.82 per cent in the company. While the entire IPO is an Offer For Sale (OFS) only issue, and there will not be any fresh offering by Nazara Technologies, the ace investor is not diluting any stake.