Smaaash Entertainment Pvt Ltd (SEPL) was admitted by the Mumbai National Company Law Tribunal (NCLT) following a default of ₹292.4 crore to Edelweiss Asset Reconstruction Company. The company suffered losses since it was shut for 18 months during the Covid-19 pandemic, but revenues improved after the Covid-related restrictions were lifted.
LIC cuts stake in 16 PSU stocks as portfolio soars to Rs 14 lakh crore
LIC cuts stakes in 16 PSUs, profit booking seen. Portfolio value surges to Rs 14 lakh crore in 2024, up by Rs 1.6 lakh crore.