India, March 28 -- South Korean gaming giant KRAFTON's India arm has acquired a controlling stake in Pune-based game development studio Nautilus Mobile with an additional investment ofINR 118 Cr (about $13.7 Mn).

With this, KRAFTON India has increased its shareholding in the creator of the "Real Cricket" game to 75%. This is the first instance of the BGMI developer acquiring a controlling stake in an Indian company.

"Nautilus, with its strong IP, established Indian user base, and proven development track record, offers a unique opportunity to deepen KRAFTON's esports and publishing efforts in the country," the BGMI creator said in a statement.

It is pertinent to note that digital entertainment and technology company JetSynthesys acquir...