Rakesh Jhunjhunwala's portfolio gains Rs 36,69,86,134 from this small-cap stock in just 1 day; Company acquired 100 per cent stake in PublishME!

The stock is up by 60 per cent in 6 months whereas the BSE Sensex Index is up by 10 per cent.

The Singapore subsidiary of NODWIN Gaming — South Asia’s leading gaming and esports media companies, a material subsidiary of Nazara Technologies Ltd (BSE: NAZARA), has acquired a 100 per cent stake in-game marketing agency PublishME for a sum of USD 2 million from its existing shareholders Nazara Technologies Limited and Ozgur Ozalp.

The integration and acquisition of PublishME into NODWIN Gaming's global emerging market network are poised to enhance NODWIN Gaming’s existing solutions capabilities for publishers and brands alike. This acquisition will provide the essential tailwinds for NODWIN Gaming to drive its mission of leading the emerging market sports media landscape.

PublishME is a gaming marketing agency with offices in Turkey and the United Arab Emirates (UAE). It specializes in creating engaging and effective communications to connect brands with gamers. It offers game launch plans, social media management, sponsorship, and activations to its partners.

PublishME's expertise in the Middle East and Turkish markets, combined with NODWIN Gaming's strong relationships with publishers and brands, as well as its ability to create world-class esports events and secure media rights opportunities, creates a powerful synergy that will benefit the entire gaming ecosystem.

PublishME will also rename itself to NODWIN Gaming in the Middle East but retain the PublishME name in its original market in Turkey. PublishME founder Ozgur Ozalp will also transition over to NODWIN Gaming as the CEO of NODWIN Gaming Dubai.

NODWIN Gaming, a leading emerging market gaming and esports company, is building a high-growth, sustainable ecosystem through synergies across professional esports athletes, teams, content creators, products, and audiences. NODWIN operates across multiple offices in South Asia, Singapore, the Middle East, and Turkey.

Let’s understand how an ace investor, Rekha Jhunjhunwala gained Rs 36,69,86,134 from this multibagger Small-Cap stock in just 1 day:

Rekha Jhunjhunwala, wife of the Late Rakesh Jhunjhunwala currently owns 65,88,620 shares or a 9.96 per cent stake in Nazara Technologies Ltd. The stock traded at an intraday high of Rs 879.15 per share, up by 55.70 points or 6.76 per cent from its previous closing of Rs 823.45. The shares also saw a spurt in volume by more than 5 times on BSE.

Hence, 65,88,620 shares x 55.70 per share = Rs 36,69,86,134 in just 1 day after the announcement was made.

Nazara Technologies Ltd has a market cap of over Rs 5,700 crore. The company is almost debt-free and its current debt is Rs 38.2 crore which is 0.67 per cent of its market cap.

The stock is up by 60 per cent in 6 months whereas the BSE Sensex Index is up by 10 per cent. Investors should keep an eye on this small-cap gaming stock.

Disclaimer: The article is for informational purposes only and not investment advice.