Stake sale · Consumer Internet & Media

Nazara shares rally on CEO block deal and strong profits

What they do

Nazara Technologies is a mobile gaming and esports company based in India

CEO Nitish Mittersain sold shares in a block deal while investors doubled their positions

The stock hit an intraday high of ₹314, rallying 18% on bulk deal reports

Nazara shares rallied 18% to an intraday high of ₹314 on bulk deal reports.
CEO Nitish Mittersain was listed among the sellers in the block deals.
Existing investor Nikhil Kamath Axana Estates doubled down on its position in the company.
The market cap stood at ₹11,117.6 Cr ($1.16 Bn) at the close of trading.
Trading volume reached 1.91 Cr shares by 13:17 IST during the session.
Q4 FY26 net profit surged to ₹55.7 Cr compared to ₹4.1 Cr in the prior year.
Operating revenue for Q4 FY26 declined 23.5% to ₹397.8 Cr due to deconsolidation.
FY26 operating revenue grew 12.6% to ₹1,829 Cr despite the quarterly drop.

The revenue decline was explained by the deconsolidation of NODWIN Gaming esports business.
Ex-NODWIN revenue actually grew 8% year-on-year in the fourth quarter.
The company plans to divest esports adtech verticals to focus on core gaming.
A regulatory ban on real money gaming halted a minority stake acquisition of Moonshine Technology.

Nazara operates in mobile gaming, esports, and advertising technology sectors.
It owns the majority stake in Datawrkz, an advertising technology platform.
The esports business includes tournaments, creator networks, and events under NODWIN Gaming.
The company acquired Bluetile BestPlay to add 17 casual puzzle gaming IPs.
These acquisitions bring 2.2 Cr monthly active users to the Nazara portfolio.
Nazara is embedding AI into game development and user acquisition processes.
It established centres of excellence for data analytics and artificial intelligence support.
The company plans to raise ₹500 Cr through preferential issue warrants.
Investors include Riambel Capital and several family investment firms in the new raise.

Plans to complete the Bluetile BestPlay deal in FY27 subject to regulatory approvals.
Potential monetisation of non-core businesses like NODWIN SportsKeeda adtech.
Launching World Cricket Championship 4 public beta using AI in mid-May 2026.

Nikhil Kamath Axana Estates (buyer) — Existing investor doubling down on positions.