UK-based financial advisor Plutus Wealth Management LLP and its associates have bought shares worth Rs 500 crore in Rakesh Jhunjhunwala-backed mobile gaming startup Nazara Technologies. The shares have been purchased from Nazara’s early investor WestBridge Ventures’ private equity fund WestBridge Ventures II Investment Holdings in a secondary transaction to provide latter the complete exit from the gaming company that had developed popular games such as World Cricket Championship, Chhota Bheem Race, Motu Patlu Race, etc. WestBridge Ventures had put around Rs 22.6 crore in Nazara and obtained sales consideration of around Rs 1000 crore from its investment.

(Financial Express)