This FII picks up stake in Jhunjhunwala-owned gaming stock via bulk deal

French-based investment company Societe Generale has acquired a stake worth INR33.83 crore ($4.5m) in Indian diversified gaming and sports media firm Nazara Technologies through bulk deals. Societe Generale picked up around 5.93 lakh shares, equivalent to 0.89% stake, at a weighted average price of INR570 and joined investors including Rakesh Jhunjhunwala family, which owns nearly 10%, and Manish Agarwal, who has about 1.43% in the gaming company. However, Nazara Tech shares fell 1.48% to INR560.70 on Friday, down 8.64% YoY.