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Large institutional exit trims holding but keeps Nazara in spotlight
An open market stake sale by SBI Mutual Fund reduced its holding in Nazara Technologies, underlining institutional portfolio rebalancing without significantly denting investor interest.
Trading activity in Nazara Technologies gained attention after SBI Mutual Fund reduced its exposure through a sizable open market transaction. The fund sold a 2.43 percent stake in the gaming and e-sports company, raising about Rs 216 crore and bringing its total holding down to 3.35 percent from 5.78 percent. Bulk deal data showed that nearly 90 lakh shares were offloaded on the NSE at prices ranging between Rs 240.03 and Rs 240.18 per share.