Shares of Nazara Technologies tumbled 17.52% over three consecutive sessions on the BSE after the company’s associate firm, Moonshine Technologies Pvt Ltd, which operates PokerBaazi, suspended its real-money gaming operations.
On Friday, Nazara’s stock fell 4.13% to ₹1,155.75, hitting an intraday low of ₹1,145.55, continuing the sharp decline.
In a regulatory filing, Nazara said:
“Pursuant to the Promotion and Regulation of Online Gaming Bill, 2025, passed by Parliament on August 21, 2025, and pending enactment, Moonshine Technologies, an associate company in which Nazara holds 46.07% stake, has ceased offering real-money online gaming operations as a precautionary measure.”
The Online Gaming Bill, 2025, bans all forms of real-money online games while promoting eSports and social gaming. The bill was passed in the Rajya Sabha without debate amid uproar.
Other gaming stocks also saw declines on Friday, with Delta Corp down 3.5% and OnMobile Global falling 2.73%.
