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Nazara Technologies falls 4% after Tamil Nadu bans online gaming with stakes
short by Srishty Choudhury / on Tuesday, 27 September, 2022
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.
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