Nazara Technologies’ shares plummeted, dropping 12% on Monday, following the Union Cabinet’s approval of the Online Gaming Bill, 2025. The bill proposes strict regulations, potentially banning real-money gaming, impacting Nazara’s stake in Moonshine Technology (PokerBaazi). ICICI Securities downgraded the stock to ‘Reduce,’ further fueling investor concerns.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets