The global investment bank bought 28.85 lakh shares of Nazara Technologies at Rs 239.8 per share. The shares were sold by Think India Opportunities Master Fund LP, which offloaded the same number of shares at the same price.
Nazara Technologies, India’s only listed gaming company, runs a diversified gaming and digital media ecosystem that spans mobile gaming, esports, ad tech and children’s education technology.
Its portfolio includes platforms and titles such as Kiddopia, Animal Jam, Fusebox Games, World Cricket Championship and Sportskeeda, along with offline gaming brands such as Funky Monkeys and Smaaash Entertainment. The company also owns Datawrkz, a digital advertising technology business.
Headquartered in Mumbai, the company has been expanding its global presence across India, North America and other international markets. It has been pursuing growth through a combination of organic expansion, intellectual property development and strategic investments.
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Nazara Q3 snapshot
Nazara reported a strong operational performance in its latest quarterly results. For the December quarter (Q3FY26), the company posted revenue of Rs 406 crore, while EBITDA rose 29% year on year to Rs 68 crore. Margins during the quarter improved to 16.7%.For the first nine months of FY26, the company reported revenue of Rs 1,431 crore, marking a 30% increase from the year ago period. EBITDA for the period surged 73% year on year to Rs 177 crore.
Growth during the quarter was supported by improved subscriber traction in Kiddopia, aided by investments in user acquisition, analytics and product development. The company also expanded its intellectual property portfolio, including the launch of Animal Jam on Roblox, aimed at tapping platform-led growth opportunities.
The board has also approved fresh investments to strengthen its content and gaming pipeline. Nazara announced an investment in nCore Games, the developer behind the Made in India gaming franchise FAU-G, and cleared a primary capital infusion of up to Rs 15 crore into Rusk Media, a mobile first entertainment platform focused on Gen Z and Gen Alpha audiences.
Nazara Tech share performance
The stock has been under pressure recently. Over the past one month, shares of Nazara Technologies have fallen around 12%, reflecting broader volatility in mid cap technology and gaming stocks as well as profit booking after earlier gains.
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