Investment29 May 2026, 06:32 pm
Nazara Tech Invests $500K in nCore Games via Subsidiary
AI Summary
Nazara Technologies Ltd's wholly-owned subsidiary, Nazara Technologies FZ LLC, has executed a Convertible Promissory Note with nCore Games, Inc., investing USD 500,000 (approximately ₹4.76 Crores) in one or more tranches. This investment aims to strengthen Nazara's India-centric gaming and esports IP portfolio, particularly through the FAU-G franchise. The investment is subject to customary terms and conditions and required approvals. nCore Games, incorporated in 2018, focuses on mobile game development and publishing, with its flagship game FAU-G: Domination launched in early FY26, generating USD 0.06 Million in revenue for the fiscal year.
Key Highlights
- Nazara FZ LLC invests USD 500,000 in nCore Games via a Convertible Promissory Note.
- Investment aims to bolster Nazara's gaming and esports IP portfolio with the FAU-G franchise.
- nCore Games' revenue for FY26 was USD 0.06 Million, with FAU-G: Domination as its flagship game.
- The investment does not fall under related party transactions.
- The acquisition is expected to be completed within 90 days.
Price Impact
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