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Nazara Tech jumps over 3% on buying majority stake in Pro Football Network

Brokerage firm ICICI Securities has a 'Buy' rating on the stock with a target price of Rs 700 per share.

Documents reviewed by Business Standard showed that the finance ministry and the RBI have expressed concern over lack of a framework for regulating online gaming with stakes
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SI Reporter Mumbai
Nazara Technologies jumped 3.4 per cent to hit a high of Rs 524 in intra-day deals on Thursday after the company said it acquired a majority stake in Pro Football Network LLC (PFN).

At 10:00 AM, the stock was trading 2 per cent at Rs 517 as against a 0.2 per cent decline in the S&P BSE Sensex. The counter had seen trades of around 27,000 shares.

Nazara Technologies an Indian gaming firm is a subsidiary of Sportskeeda. Absolute Sports, the parent company of Sportskeeda, on Wednesday said it acquired a 73.27 per cent stake in Pro Football Network worth

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First Published: Mar 23 2023 | 10:21 AM IST

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