Nazara Tech Falls as PokerBaazi Halts Real-Money Gaming

Nazara Tech shares dropped 4% to ₹1,158 after its associate Moonshine Technologies, operator of PokerBaazi, ceased real-money gaming in line with new government rules. Nazara holds a 46.07% stake, with its $122M investment likely written down. The firm said revenues remain unaffected, as Moonshine’s financials aren’t consolidated.