Mumbai, Aug. 26 -- The selloff was triggered by the Union Cabinet's approval of the Promotion and Regulation of Online Gaming Bill, 2025, which proposes sweeping curbs on digital gaming platforms, including a blanket ban on real-money gaming (RMG).

Amid the slide, a domestic brokerage downgraded Nazara to 'Reduce' from 'Add' and cut its target price to Rs 1,110 from Rs 1,500, flagging the regulatory overhang. The Bill prohibits all real-money games based on skill, chance or both, bars their promotion and advertising, and restricts banks from processing related transactions. Violations could invite up to three years' imprisonment and fines of Rs 1 crore, with stricter penalties for repeat offenders.

Nazara issued a clarification on 20 Au...