Nazara Technologies share down by more than 9% after Lok Sabha passes online gaming bill

Nazara Technologies share is down today. At 12:32 p.m. the stock price is down by 9.02%, trading at Rs 1,109.40. The stock has lost more than 20% in the past 5 days. Year-to-date the stock has gained 9.82%. Benchmark Nifty 50 index has gained more than 5% year-to-date in 2025. Nazara has indirect investment exposure to some online gaming companies.

This comes after the Lok Sabha passed the Online Gaming Bill yesterday, which bans the use of real money to play online games on digital sports platforms and applications. Under the bill, a three-year jail and/or ₹1 crore fine has been proposed for facilitating or offering services for online money games. Furthermore, advertising for such services can also attract two-year jail term and/or ₹50 lakh fine.

Naraza has been on a decline and ended the day yesterday at ₹1,221.65, a decline of 12.82%. It also dropped 15.97% intraday to touch a low of ₹1,177.45. Nazara remains under pressure even when it issued a clarification that it has no direct exposure to real money gaming (RMG) businesses. It also clarified that the company’s financial performance will not have any negative effect because of the Online Gaming Bill.

However, its investment in other digital sports companies that rely on RMG raises a concern. Naraza has invested ₹805 crore in Moonshine Technologies (PokerBaazi), along with committing an additional ₹255 crore. This investment accounts for 48% of PokerBaazi’s total valuation. Analysts believe that if the bill passes, Nazara will have to write off this investment.

It remains to be seen if the Online Gaming Bill is passed and with what provisions. Until then, it is expected that the shares of Nazara Technologies will remain under pressure from investors.

Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.

Source : NSE