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Covid hit in the hinterland threatens to spoil it for Jhunjhunwala's top agri bet

Covid hit in the hinterland threatens to spoil it for Jhunjhunwala’s top agri bet
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If good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler.
ETMarkets.com
Ace investor Rakesh Jhunjhunwala held 6,400,000 shares, or 4.8%, stake in the company as of March end.
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NEW DELHI: The second wave of Covid-19 pandemic is hitting India’s hinterland very hard, not something seen during the first wave.
That has altered the equations for Dalal Street.
So, if good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler. ....

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rakesh jhunjhunwala: Rakesh Jhunjhunwala-backed Nazara Tech fixes IPO price band at Rs 1,100-1,101

The price band for the issue has been fixed at Rs 1,100-1,101.
The issue is entirely an offer for sale by existing shareholders who include IIFL Special Opportunities Fund, Mitter Infotech, Good Game Investment Trust, Seedfund 2, Porush Jain and Azimuth Investments. The company will not receive any money from the IPO proceeds and the entire amount will go only to selling shareholders.
Rakesh Jhunjhunwala held 3,294,310 shares, or 11.51 per cent stake, in the company as of September 30, according to the draft red herring prospectus. He is not selling any share through the IPO.
Nazara offers many free-to-play games such as Chhota Bheem, Motu Patlu and Oggy and The Cockroaches. In e-sports, it offers games such as World Cricket Championship 3, World Table Tennis Champions and Carrom Clash. The company generates nearly 40 per cent of its revenues from India, nearly 40-41 per cent from North America and balance from Africa, West Asia and South Africa. ....

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