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MUMBAI: Smaaash Entertainment Pvt. Ltd, the Indian virtual sports and entertainment company promoted by serial entrepreneur Shripal Morakhia, is planning to launch its initial public offering (IPO) to raise ₹5 billion from the market, Livemint reports.
“Smaaash will be raising close to ₹500 crore (Rs 5 billion) through the IPO. The company has appointed a few investment bankers. It is likely to happen by December 2018,” a source aware of the development told the business daily.
