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Nazara Tech Down 4% After Tamil Nadu Approves Ordinance To Ban Online Gaming

Shares of Nazara Technologies Ltd. declined after the Tamil Nadu cabinet approved an ordinance to ban online gaming, involving betting, in the state.The stock of the online gaming platform fell as much as 4% intraday on Tuesday, and is on course to log losses for the third session in a row. Over the last three days, the scrip has dropped more than 12%.The ordinance will be promulgated after the governor’s approval, news agency ANI re…

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