GoTo is backed by the likes of SoftBank Group Corp, Alibaba Group and Singapore sovereign wealth fund GIC.

Both indexes were set to post monthly gains of more than 4 per cent.

A total of 5,664 shares changed hands on the counter till 10:10AM (IST)

The Massachusetts rule went beyond a standard the U.S. Securities and Exchange Commission adopted in 2019 by requiring broker-dealers have a fiduciary obligation to provide investment without regard to the interests of anyone but their customers.

"Tejas Networks, upon procuring all necessary consents and approvals, also intends to proceed with acquiring the balance 35.60 per cent shares through a merger process or a secondary acquisition," the company said.

“For Axis Bank, it will be very important to integrate the Citi culture because otherwise a lot of these meaty clients or these high yield portfolios can run away. As it stands today, the deal is not bad, is all I can say. We can treat it like a non-event.”

Nazara Technologies, which is a subsidiary of gaming player Nazara Pte Ltd (Nazara Singapore), will invest $0.875 million upfront while the remaining $1.625 million will be deployed over a three-year period, reports said.

As of 31-Dec-2021, promoters held 59.42 per cent stake in the company, while FIIs held 25.55 per cent and domestic institutional investors had 2.64 per cent.

Following the development, Vidula Consultancy’s shareholding in the company stands at 9.92 per cent from 9.1 per cent earlier.

The stock traded at a P/E multiple of 6.12, while the price-to-book value ratio stood at 1.13.