SBI Mutual Fund has sold 2.43% stake in Nazara Technologies for Rs 216 crore through open market transactions. SBI Mutual Fund has offloaded 90.09 lakh shares, representing 2.43% of the total shareholding of the company. The shares were disposed in the price range of Rs 240.03 to Rs 240.18 apiece. Post this transaction, SBI Mutual Fund’s holding in the company has decreased to 3.35% from 5.78%.
Nazara Technologies is one of the leading mobile games company and it is engaged in acquisition of, value addition and distribution, of mobile games across emerging markets such as India, Middle East, Africa, South East Asia and Latin America.
