15 companies express interest to acquire Smaaash Entertainment

Nazara Technologies, Malpani Group, Manikchand Group and Tech Connect Services are among 15 companies in the fray for acquiring Smaaash Entertainment, a sport-centric digital entertainment company undergoing insolvency proceedings. Smaaash is promoted by Shripal Morakhia, who formerly owned stockbroking-cum-investment firm SSKI-Sharekhan. The gaming company is also backed by cricketer Sachin Tendulkar, who had received a sweat equity of 4.2% when the company was launched.