Rekha Jhunjhunwala, wife of Rakesh Jhunjhunwala, known as warren buffett of India, has sold almost half of her husband's stake in Nazara technology to 3.6 percent through open market transactions. According to a regulatory filing, Jhunjhunwala reduced his stake in this gaming and esports firm by about 1.4 percent on june 9-10, 2025, that is, sold 12,36,500 shares.
Now this is Rakesh's stake in the company
Earlier, he had sold 17,38,500 shares (1.98 percent of total share capital) of Nazara Technologies between june 2-6, 2025. With this, now his stake in Nazara Estate has reduced from 7.05 percent to half i.e. 3.66 percent. Apart from this, Rakesh Jhunjhunwala has 32,08,620 shares in Nazara technology Limited as of today after the sale of 12,36,500 shares on june 9, 2025 and june 10, 2025. That is, 3.6621 percent of the issued and paid-up share capital of the company.
Company's stock status
However, the filing did not state at what price the shares were sold. Today, on Wednesday, the gaming firm's shares were trading at Rs 1,273.50 on the BSE, up 0.47 per cent from the previous close price. The company's stock has jumped more than 15 per cent in the last one month.
What does Nazara technology do?
Let us tell you that Nazara technology is a technology company working in gaming, esports and sports media. Rakesh Jhunjhunwala has been a major investor in this company. Even after his death, his wife continued to hold his stake. By the end of the june 2022 quarter, his stake in the company was more than 10 percent, but now it has reduced significantly.
Big Bull Rakesh of the stock market
Big Bull of the stock market Rakesh Jhunjhunwala died on august 14, 2022 at the age of 62. A chartered accountant by profession, Rakesh Jhunjhunwala used to identify low-value stocks and invest in them and leave them to grow over time. His investment strategy was such that when investors were losing money in the stock market, he remained in profit. The stock market was a major source of his income.
click and follow Indiaherald WhatsApp channel