India, Aug. 22 -- Pokerbaazi, backed by India's first and only listed online gaming firm, has ceased offering its real money gaming operations, after the government outlawed such apps.

As a matter of "abundant caution" and in due respect of the government's online gaming law, Pokerbaazi operator Moonshine Technologies Pvt. Ltd. has ceased offering real money online gaming operations, Nazara Technologies Ltd. said in an exchange filing on Friday.

The online gaming company, backed by marquee investors Nikhil Kamath and Madhusudan Kela and previously Rekha Jhunjhunwala, holds 46.7% stake in Moonshine Technologies.

Moonshine's move follows a slew of firms suspending online money games, including WinZO, Mobile Premier League and Zupee. Head...