SBI Mutual Fund Sells Nazara Tech Shares; Stock Surges 6% on Block Deal

• SBI Mutual Fund, India's largest fund house, sold 4.5 million shares of Nazara Technologies Ltd. on Monday via a block deal.
• The shares were sold at an average price of ₹240.18, leading to a 6% surge in Nazara Technologies' stock, closing at ₹252.
• As of September 30, SBI MF held 21 million shares, representing a 5.9% stake in Nazara Tech, selling just over 1% of its total holding.
• Mutual funds collectively held a 6.6% stake in Nazara Tech at the end of the September quarter.
• Other significant public shareholders include Think India Opportunities Fund (2.58%) and Madhusudan Kela's Cohesion Mk Best Ideas sub-Trust (1.6%).

Why It Matters: SBI MF's block deal in Nazara Tech led to a significant stock surge, highlighting market activity.