This Rakesh Jhunjhunwala-backed gaming company — Nazara Technologies’ shares jumped around 6.5 per cent to Rs 1820 per share (day’s high) on the BSE intraday trade on Monday, as the company on Friday, acquires Hyderabad-based online gaming company OnePlay for about Rs 186.41 crore.

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The gaming and sports media company in its filing said, the company shall acquire 23.30 per cent of the issued and paid-up share capital of OpenPlay for a consideration of Rs 43.43 crores, by end of Q2 of FY 2021-22 in the first tranche of the strategic investment.

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The board of directors approved to make a strategic investment for the proposed acquisition of 10,000 equity shares of Rs 10/- each representing 100 per cent of the issued and paid-up share capital of OpenPlay Technologies from its existing shareholders, the company said in a statement.

The shares of Nazara tech were trading near day’s high at Rs 1815 per share, up over 6 per cent on the BSE, as compared to a 1 per cent rise in the S&P BSE Sensex. The stock in the last three sessions has surged around 15 per cent from Rs 1586 per share on the BSE.

An ace investor Rakesh Jhunjhunwala, who is also termed as the Big Bull of the Indian stock market, held 32,94,310 equity shares, which comprises 10.82 per cent of holding in the company, as per the company’s shareholding pattern available on the BSE.

Rakesh Jhunjhunwala along with his wife Rekha and associates publicly holds around 38 stocks in finance to tech and retail to pharma sectors, and also manages the asset firm Rare Enterprises.

The company had made a bumper listing at 81 per cent premium at Rs 1990 on NSE & BSE on March 30, 2021. The stock on listing day had touched a 52-week high of Rs 2026.9 per share, while had hit Rs 1412.5 per share as a 52-week low on April 12, 2021 on the BSE.