Stake sale · Consumer Internet & Media

Morgan Stanley buys Nazara shares in block deal

By Startup Enthusiast · 11 March 2026

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Morgan Stanley acquired 28.85 lakh shares at ₹239.80 each, worth about ₹69.2 crore, from Think India Opportunities Master Fund LP

Think India held 93.27 lakh shares (2.52% stake) as of December 31, 2025, and sold the same quantity in the block deal

Nazara shares rose nearly 4% intraday to ₹254.90 on BSE after the block deal news

Morgan Stanley Asia Singapore Pte acquired Nazara Technologies shares worth about ₹69.2 Cr through a block deal.
The buyer purchased 28.85 Lakh shares at a price of ₹239.80 each during the transaction.
The seller was Think India Opportunities Master Fund LP, which offloaded the same quantity at the identical price.
Think India held 93.27 Lakh shares representing a 2.52% stake as of December 31, 2025.
Nazara shares rose nearly 4% intraday to ₹254.90 on the BSE following the block deal announcement.
The stock closed up 0.06% at ₹245.65 with a market capitalization of ₹9,100.47 Cr ($988.4 Mn).
Shares have declined 8.13% over the past year compared to a 4.63% drop in the BSE Sensex.

The transaction highlights institutional interest in Nazara despite recent operational challenges and revenue declines.

Nazara is India's only listed gaming company operating in mobile gaming, esports, adtech, and children's digital learning.
Its portfolio includes popular brands like Kiddopia, Animal Jam, World Cricket Championship, Sportskeeda, and Datawrkz.
The company is expanding offline gaming operations through Smaaash Entertainment and Funky Monkeys play centers.
It plans to open 1-2 new centres monthly as part of its physical expansion strategy.
Q3 FY26 net profit stood at ₹8.8 Cr, recovering from a ₹33.9 Cr loss in the previous quarter.
Operating revenue for Q3 FY26 was ₹406 Cr, marking a 24% year-on-year decline.
Total income reached ₹417.3 Cr including other income, while total expenses decreased by 24% year-on-year.
The board approved a primary capital infusion of up to ₹15 Cr into its subsidiary Rusk Media.
Nazara recently announced an investment in nCore Games, the studio behind the game FAU-G.

Nazara continues to expand its offline gaming footprint with new Smaaash and Funky Monkeys centers.
The company is investing in game development studios like nCore Games and Rusk Media.
Management aims to improve profitability following a recovery from significant losses in the previous quarter.

Morgan Stanley Asia Singapore Pte (buyer) — Global financial services firm acquiring shares via block deal.
Think India Opportunities Master Fund LP (seller) — Investment fund reducing its stake in Nazara Technologies.