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According to DNA, on October 30, Tencent stopped its services to the PUBG mobile servers and handed the PUBG Mobile Indian IP Rights back to Bluehole (Krafton Inc). Bluehole recently merged with PUBG Corp totally. Tencent also closed down their PUBG Mobile operations in India.
The original rights of the game are held by a Korean company, which created PUBG and then licenced the distribution of PUBG Mobile to Tencent, which is a China-based company. Now, this Korean company is looking into ways to bring PUBG back to India as Tencent is out of the picture
As reported by TechCrunch, the South Korean gaming company is in talks with cloud service providers to store game data of Indian gamers.