Rekha Jhunjhunwala exits Nikhil Kamath, Madhusudan Kela-backed smallcap stock with 111% returns in 3 years

Star investor Rekha Jhunjhunwala, after inheriting her husband Rakesh Jhunjhunwala’s 10.82% stake in Nazara Technologies, has now completely exited her position in the company, a prominent player in India’s gaming and sports media sector. The stock has delivered an impressive 111% return over the past three years.

Nazara Technologies' stock is backed by some influential investors, including Madhusudan Kela and Nikhil Kamath.

By March 2025, Rekha Jhunjhunwala had a 7.06% stake in the company, holding a total of 61,83,620 shares. However, by June, Rekha exited Nazara Technologies, selling her entire holding.


On June 13, Jhunjhunwala sold her stake in Nazara Technologies, offloading 13 lakh shares on the BSE and another 14 lakh shares on the NSE, at an average price of Rs 1,225.19 and Rs 1,225.63, respectively. The combined deal value stood at approximately Rs 334 crore. This marked the completion of her exit from the company.

The company, however, continues to be backed by other notable investors. Madhusudan Kela, who holds 10,96,305 shares, owns 1.18% of Nazara Technologies. Meanwhile, Nikhil Kamath, through his firm Kamath Associates, holds 15,04,782 shares, representing a 1.62% stake in the company.

Meanwhile, Rekha Jhunjhunwala publicly holds 25 stocks, with a combined net worth exceeding Rs 38,918.10 crore, according to the latest corporate shareholding disclosures available on Trendlyne.

Further, as of June 2025, Jhunjhunwala’s net worth was valued at Rs 42,252.90 crore, marking a stellar 149% jump from March 2025, according to Trendlyne.

Nazara Technologies share price history

Over the past year, the shares of Nazara Technologies have increased by 40.01%, while year-to-date (YTD), the stock has increased by 31.81%. In the last six months, the price has increased by 42.07%, and over the past three months, the stock has surged 31.35%. In the past month, the stock price went up by 2.38%.

On Friday, Nazara Technologies shares closed 1.44% lower at Rs 1,331.10 on the BSE.

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