Nazara Technologies' promoter, Mitter Infotech, sells 6.36% stake to Plutus Wealth Management in a block deal.

Nazara Technologies, a gaming and sports media platform, announces that its promoter, Mitter Infotech, has sold 48.84 lakh equity shares, representing 6.36% of its stake, to Plutus Wealth Management in a block stock deal. This deal provides liquidity for the promoters while retaining control of the company. Nazara's CEO, Nitish Mittersain, continues in his current role. Plutus Wealth Management, a long-term investor in Nazara since its pre-IPO days, has increased its shareholding through this block trade, expressing confidence in the company's long-term growth prospects.

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