Mahua Moitra increases prior knowledge trade while Rekha Jhunjhunwala Entre Nazara -Sailor sold before online gaming ban

Trinamool Congress (TMC) MP Mahua Moitra has raised serious accusations of Insider -Trade against Rekha Jhunjhunwala, wife of the late Rakesh Jhunjhunwala, after her full exit from Nazara technologies prior to great regular development in the online development.

In a highly formulated message on X (formerly Twitter), Moitra wrote: “This is trade in prior knowledge. Pure and simple. In the US, the SEC would do a full investigation, including summons, telephone and digital plates. In India, Bhakts, Applaudlaims while @sebi_india is sleeping. And no.”

The comments came in reference to the sale of Rekha Jhunjhunwala of her full interest of 7.06% in Nazara Technologies, weeks before the central government introduced the online gaming account in the parliament, which effectively banned real-Money Gaming in India, split between the bse and 14-ranges of Nose. On June 13, 2025, she sold her entire company for an average price of RS 1,225 per share, so that the deal is appreciated at almost RS 334 Crore.

The move, which now seems to be well-timed, also marked the closure of the chapter of the Jhunjhunwala family in Nazara, because she had inherited the importance of Rakesh Jhunjhunwala, who previously had 10.82% in the company.

Other prominent investors such as Madhusudan Kela and Nikhil Kamath, on the other hand, continue to keep their interests in Nazara.

According to the shareholder data of June 2025, Kela has 10.96 Lakh shares (1.18%), while Kamath, via Kamath Associates, owns 15.04 Lakh shares (1.62%).

The recent sharp sale in Nazara shares has resulted in a combined mark-to-market loss of approximately RS 100 crore for the two investors in just four trade sessions, with the share of 26.6% fell to RS 1,028 on the BSE from Monday’s intraday trade.

The decline was activated after the trade union cabinet had approved the Online Gaming account 2025, which was later introduced in the Lok Sabha. The bill criminalizes digital gambling and prohibits monetary transactions with regard to Real-Money Gaming (RMG). It also prohibits advertisements and promotion of RMG between platforms and allows Meity (Ministry of Electronics and Information Technology) to regulate and block illegal gaming platforms.

Brokers have also taken note of the overhang of the regulations. Icici Securities lowered Nazara technologies to ‘add’ ‘Add’ and reduced its target price to RS 1.110 of RS 1,500 earlier, and stated: “In our opinion, the implementation of the account would essentially make online real money gaming in India. Given the prohibition on RMG, we are now cutting.”

While the timely exit of Rekha Jhunjhunwala saved her from the sharp wealth that followed, other selection frame investors and retail shareholders have carried the victims of the steep decline of Nazara, because the gaming industry is braced for a fundamental reservation of his new law.

Also read: Nazara Tech shares the shares 28% in 4 days, Breach Brokerage Target. What awaits?

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