The Corporate Debtor (SMAAASH) has been involved in ongoing litigations, especially in connection with the trademarks and other brand content
India's largest multiplex chain PVR has entered into definitive agreements with Smaaash Entertainment ("SMAAASH") to sell its stake in bluO entertainment, a bowling and entertainment format. As part of its national expansion plans, SMAAASH, a gaming and entertainment company, has acquired 100 per cent stake in bluO entertainment through a cash acquisition deal. bluO is a joint venture between PVR Limited and Major Cineplex Group of Thailand in which PVR owns 51 per cent stake with balance 49 per cent stake held by Major Group. The acquisition marks the doubling of the area under SMAAASH management from 276,000 square feet to approximately around 600,000 square feet in India. The significant acquisition also adds six centres (approximately 210,000 sq. ft. of premium space) across five cities to SMAAASH's existing blueprint of seven centres in India and one in Minneapolis in the United States. The newly acquired centres will operate under SMAAASH branding and two more centers are ...