Nazara Bulk Deal: Zerodha Buys Shares Worth Rs.93 Cr, Promoter Mitter Infotech Offloads Stake
India, May 15 -- Discount brokerage company Zerodha (Zerodha Broking Ltd) has purchased over 35 Lakh shares of listed gaming firm Nazara Technologies on Friday. The deal valued each share at Rs.265.85, taking the stake purchase price to Rs.93.05 Cr.
Besides Zerodha, Nazara promoter Axana Estates bought 1.48 Cr shares in a bulk deal for Rs.392.9 Cr. Axana Estates is a partnership between CaratLane founder Mithun Sacheti and Arpit Khandelwal, founder and managing partner of Plutus Wealth Management.
The shares were offloaded by Nazara's promoter group entity Mitter Infotech LLP. While the entity offloaded 42 Lakh shares on the NSE, it sold 1.51 Cr shares on the BSE. At the end of the March quarter, Mitter Infotech held 2.26 Cr shares or 6...
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