BENGALURU, July 12 (Reuters) - Shares of Indian online gaming firms Nazara Technologies (NAZA.NS), Onmobile Global (ONMO.NS), and Delta Corp (DELT.NS) slid on Wednesday, a day after the government imposed a 28% tax on the funds collected by online gaming companies from customers.
The tax will not differentiate skill-based games from those based on chance, Maharashtra state minister Sudhir Mungantiwar said on Tuesday.
Shares of Nazara Technologies and Onmobile Gaming fell as much as 14.2% and 8.9% before they trimmed some losses.
Delta Corp slipped 10% to hit its lower circuit.
Nazara and Delta have risen 21.6% and 15.9%, respectively, so far this year as of Tuesday's close, while Onmobile has fallen 11.9%.
Persons:
Nirmala Sitharaman, Sudhir Mungantiwar, Onmobile, Varun Vyas, Savio D'Souza, Sonia Cheema
Organizations:
Nazara Technologies, Onmobile, Delta Corp, Thomson
Locations:
BENGALURU, Maharashtra, Bengaluru