Nazara Technologies falls 4% after Tamil Nadu bans online gaming with stakes

After the Tamil Nadu government passed an ordinance banning online gaming with stakes in the state, shares of gaming company Nazara Technologies were down over 4% on Tuesday amid selling pressure. Nazara's stock closed 3.21% down at ₹658.20 apiece on BSE. Ordinance will take effect after Governor's approval. Nazara had recently acquired a 100% stake in WildWorks for $10.4 million.