Garena Free Fire Banned in India: How it affected the stocks of Garena? The ban of Garena Free Fire unexpectedly on 14th February 2022 put a severe shock to the whole Indian mobile gamers. Moreover, it put a huge impact on the Garena’s one and only parent company Sea Limited. Sea limited company shares crashed after learning the news of the ban of Garena Free Fire India.
Free Fire is one of the most famous and desired battle royale titles globally. Moreover, the craze of the title in India is amazing. Meanwhile, Garena Free Fire is one of the largest esports titles from the last few years. It has around 40 million downloads on the Google play store and also gained users rapidly from the last few updates. Follow this article to know more about the loss of stocks after the removal of the Garena Free Fire in India
Garena Free Fire Banned in India: How it affected the stocks of Garena?
Usually, we know that Garena is the publisher of the famous title Free Fire but Garena has its parent company named Sea Limited and both the companies are actually based in Singapore. The unexpected ban in India caused a huge impact on the shares of sea limited such as the closing price of one share of the company on 11th Feb was $158.25, the opening price of one share of the company on 14th February was $139. The price was lower compared to the closed day. Moreover, the cause of the decrease in price was the unexpected ban of the game in India. After that the company’s stock decreased to $128.76, this was the lowest of the day till now.
The Max variant of the game is still alive and is running properly with no internal issue. So, they can go with the Max version until the further update.