Gaming company signs MoU with Government of Telangana & to publish Made-in-India Shooter FAU-G Under mentorship of Akshay Kumar

The stock is up by 62 per cent from its 52-week low of Rs 590.85 per share.

Nazara Technologies partners Government of Telangana to Launch the Nazara AI Center of Excellence (CoE)

Nazara Technologies, India’s leading and only listed diversified gaming and esports company, has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana. Through this strategic partnership, Nazara aims to establish a pioneering AI Center of Excellence (AI CoE) focusing on gaming and digital entertainment, positioning Nazara as a leader in AI-driven gaming and digital entertainment space and Telangana as a global hub for AI innovation.

The Nazara AI CoE will drive research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging cutting-edge technologies like AI, VR/AR, blockchain, and Web 3.0. By fostering policy development, supporting startups, enhancing skills and engaging global expertise, the Nazara AI Center of Excellence aims to empower a dynamic and inclusive community.

Nazara to publish Made-in-India Shooter FAU-G: Domination Gameplay Trailer and Pre-Registrations Live Now, Bharat Ke Veer Donations and NIBE Limited as Defence Subject Matter Expert Revealed

Nazara Publishing, the gaming division of Nazara Technologies, has unveiled the gameplay trailer for FAU-G: Domination, a mobile shooter developed in collaboration with nCore Games. The game is a direct response to Prime Minister Narendra Modi's call for India to create world-class games and is a tribute to the bravery of India's Armed Forces. Under the mentorship of Bollywood superstar Akshay Kumar, FAU-G: Domination offers players intense firefights, diverse maps, and a variety of weapons. The game is also committed to giving back to the community. Nazara will donate a portion of the game's proceeds to the Bharat Ke Veer Trust, which supports the families of India's Armed Forces martyrs. Additionally, in-game cosmetic items will be available, with 100 per cent of the proceeds going towards this noble cause.

To ensure the game's success, Nazara Publishing has launched an extensive marketing campaign. This includes partnering with popular content creators and influencers, offering generous pre-registration bonuses, and collaborating with NIBE Limited, India's leading defence manufacturer. NIBE Limited's involvement will provide players with insights into India's defence efforts and showcase the country's self-sustained military capabilities. FAU-G: Domination is available for pre-registration on the Google Play Store. Players who pre-register will receive the exclusive Beast Collection, a limited edition set of in-game cosmetics inspired by the tiger, India's national animal. Don't miss out on this opportunity to be among the first to experience FAU-G: Domination and support a worthy cause.

Nazara Technologies Ltd has a market cap of over Rs 7,000 crore. The company is almost debt-free and its current debt is Rs 27.7 crore which is 0.40 per cent of its market cap. Rekha Rakesh Jhunjhunwala, widow of the legendary investor Rakesh Jhunjhunwala, maintains a significant stake in the company. As of June 2024, she holds 8.37 per cent of the company's shares, demonstrating her continued involvement in the investment world. The stock is up by 62 per cent from its 52-week low of Rs 590.85 per share. Investors should keep an eye on this small-cap gaming stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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