Nazara Technologies shares surge 4% after signing MoU with Telangana Govt

Nazara Technologies share price surged up to 4.3 per cent at Rs 987.95 per share on the BSE in Thursday’s intraday deals. Nazara Technologies share price moved up after the company joined hands with the Telangana state government to open an artificial intelligence (AI) centre of excellence (CoE).

Nazara Technologies has signed a memorandum of understanding (MoU) with the Government of Telangana. Through this strategic partnership Nazara aims to establish a AI CoE focusing on gaming and digital entertainment, the company said in an exchange filing on Thursday.