New Delhi, March 28 -- South Korean gaming giant Krafton will acquire a controlling stake in Pune-based Nautilus Mobile for Rs.118 crore and the transaction is expected to give JetSynthesys a part exit.

Post this transaction, Adar Poonawalla and Sachin Tendulkar-backed JetSynthesys will remain a significant minority investor in the company and continue to work with Nautilus Mobile on strategically important areas, especially in Esports, the company said in the statement.

As per the deal terms, Krafton will hold about a 75% stake in Nautilus and employee Esops constituting a 6% stake with the remaining held by JetSynthesys.

This marks Krafton's first control deal in India while it has already invested in other Indian companies such as e...