Nazara tech made investors malamant
Gaming and sports media platform Nazara Tech has had excellent listings in the stock market. The company’s stock is listed at a price of Rs 1971 with a 79 per cent premium over BSE and NSE. The IPO of the company View Tech (Nazara Tech) opened on March 17 and closed on March 19.
Let us tell you that Rakesh Jhunjhunwala had invested in this company, due to which a good craze of investors was seen in it. Explain that the issue was subscribed 176 times by investors. In this, the company had a lot size of 13 shares, that is, it had to invest at least Rs 14313 in the IPO.
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How much is Rakesh Jhunjhunwala’s shareRakesh Jhunjhunwala holds 11.51 per cent stake in the company till the September 2020 quarter. Apart from India, the company has reach in Africa and North America.
Know, what is the business of the company?
Nazara tech is a diversified gaming and sports media platform. It has business in many countries like India, Africa, North America. It is known for games like World Cricket Championships, Chhota Bheem, Mota Patlu Series. Its subsidiary company Nodwin Gaming organizes various gaming events across the country.
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Let us tell you that the company does business in more than 60 countries like India, Africa, Middle East, South East. Najara was founded in the year 2000 by Nitish Mittersain, who is a well-known gamer. In the last few years, the company has built a large network of its own.