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Promoter Mitter Infotech LLP sold 1,92,46,268 shares of Nazara Technologies via open market. Its direct stake decreased from 6.092% to 0.897% following the transaction.
Nazara delivered a record FY26 with a 66% EBITDA jump, shifting its mix heavily toward gaming which now contributes 90% of EBITDA.
Nazara Technologies has withdrawn its merger scheme with subsidiary Paper Boat Apps due to revised restructuring plans. The cancellation has no financial or operational impact.
Nazara Technologies appointed Mithun Sacheti and Muraarie Rajan as directors during its May board meeting. Vikash Mittersain transitioned to a non-executive role.