Shemaroo Entertainment's tax dispute has been escalated to a larger bench in the Bombay High Court for further adjudication. Currently, an interim relief is in place, preventing any immediate action on a demand of INR 70.3 crore in Input Tax Credit and a penalty of INR 63.4 crore, until the final decision is made.

Jai Maroo has announced changes to their stake in Shemaroo Entertainment, as per SEBI's disclosure regulations (Regulation 29(1)). This move is expected to impact PAC's current holdings in the entertainment company.