India, June 14 -- The estate of late investor Rakesh Jhunjhunwala has exited Nazara by divesting its remaining 5.07% shareholding in the online gaming major via open market transactions.

As per BSE data, the estate sold 13 Lakh shares at INR 1,225.19 each for a sum of INR 159.27 Cr. However, in a filing with the exchanges, Nazara said that the estate, in total, dumped 27.23 Lakh shares on June 13 to exit the gaming company.

Nazara informed the exchanges that the estate held around 5.07% stake, or 44,45,120 shares, in the company as of June 6. Subsequently, the estate sold 17.21 Lakh shares (or 1.96% stake) between June 9 and June 12. Thereafter, the estate dumped another 27.23 Lakh shares on June 13.

"As on date there is no shareholdin...