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Tamil Nadu govt approves ordinance to ban online games; Nazara Tech dips 4%

On getting the Tamil Nadu governor's approval, the ordinance would be promulgated in the state, news agency ANI reported

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SI Reporter Mumbai
Shares of Nazara Technologies dipped 4 per cent to Rs 653.45 on the BSE in Tuesday's intra-day trade after the Tamil Nadu Cabinet, on Monday, approved an Ordinance to ban online gaming in the state. On getting the Tamil Nadu governor's approval, the ordinance would be promulgated in the state, news agency ANI reported.

Nazara Technologies is primarily engaged in providing subscription/download of games/ other contents through consumer base in India and worldwide, and digital support services to group companies.

At 11:41 AM, the stock had partially recovered from its intra-day low, and was down 2.4 per cent

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First Published: Sep 27 2022 | 12:04 PM IST

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