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Nazara Shares Plunge 7% After Online Gaming Bill Gets Cabinet Nod


SUMMARY

The drop in the Nazara’s stock price came after the Union Cabinet approved the Online Gaming Bill on August 19

At the time of writing, Nazara’s market capitalisation stood at INR 12,041 Cr with more than 60 Lakh shares traded hands by 12:34 PM

Sources told Inc42 that the draft norms plan to prohibit all real money games, irrespective of whether they are games of chance or skill or both

Shares of gaming major Nazara nosedived more than 7% to touch INR 1,300 during the…



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