NAZARA

shares surged nearly 7 percent to record their biggest single-day jump in 21 weeks on June 13 after a large block deal reportedly took place on exchanges. This comes days after veteran investor Rekha Jhunjhunwala sold nearly 2 percent stake in the gaming company. Nearly 15.42 lakh shares, representing 1.77 percent equity stake in Nazara Tech, changed hands in a large block deal worth Rs 190 crore, CNBC-TV18 reported. The transaction was done at an average price of Rs 1,227.50 per share, the report added. Moneycontrol couldn't independently verify the report. Earlier, between June 2 and June 6, Rekha Jhunjhunwala, the wife of the late legendary investor Rakesh Jhunjhunwala and the inheritor of his portfolio, sold 17.38 lakh shares of the company. The average trading price of Nazara Tech during the period stood at Rs 1,256 per share, taking the total worth of the transaction to over Rs 218 crore. This reduced her stake in the gaming platform has now reduced to 5.07 percent from the earlier holding of 7.05 percent, after the stake sale.