Nazara Technologies Limited informs the Exchange regarding Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 - Update on Investment by Wholly-Owned Subsidiary of the Company .
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Nazara Technologies' wholly-owned subsidiary, Nazara FZ LLC, has executed a Convertible Promissory Note to invest USD 500,000 (~INR 4.76 Crores) in nCore Games, Inc., a Delaware corporation. The investment will be made in one or more tranches and is subject to customary terms and conditions. nCore Games operates as a mobile gaming studio focused on India-first multiplayer and IP-driven experiences, notably the FAU-G franchise including FAU-G: Domination and the FAU-G Bharat League esports platform. The convertible note will convert into preferred or common stock of nCore at a future date per the Note's terms. The transaction is not a related party transaction, requires no regulatory approvals, and is expected to complete within 90 days.
This investment strengthens Nazara's India-centric gaming and esports IP portfolio and provides immediate revenue participation in the FAU-G franchise, which is already published by Nazara Publishing. The convertible note structure offers downside protection with favourable conversion terms, making this a capital-efficient way to deepen exposure to nCore.