Nazara Technologies’ shares plummeted after the Lok Sabha passed a bill banning real money gaming. The company clarified its indirect exposure through a stake in PokerBaazi, which reported losses. Analysts suggest Nazara’s investment in PokerBaazi is now at risk, while Delta Corp is unlikely to be affected due to a prior divestment.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets