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“There is the danger of languishing behind if we do not come together and come at par with China and the US which do not have that many movies but their box office collections are much higher, number of screens are much higher, 40,000 in the US, 70,000 in China. We are still at about 9,500 screens. The rationale is to bring our strengths together to give a boost to this industry.”

The total marketcap of Bitcoin was hovering around the $900 billion mark, with its total dominance in the crypto marketcap standing at a little more than 42 per cent, the data from coinmarketcap suggested.

The board also approved the record date for determining the shareholders entitled to the interim dividend as Friday, April 8, 2022.

The stock market, which initially went haywire due to the fear of the unknown, recouped as soon as things became “known unknown”, with investor wealth, as suggested by BSE market capitalisation, jumping 2.5 times during the period.

“We are comfortable with IT and banks for absolute return. We get a little bit of cushion from the consumer staples plays just to be defensive in the face of any cracks that might come through and we think there might be a little bit of life as far as the auto space is concerned because even though they face demand risks, a lot of that has been flagged and to some extent there is a little bit of support in terms of valuations.”

The Nikkei share average ended 0.73% lower at 27,943.20, following an almost 12% surge over nine days that included the benchmark touching a five-week high of 28,338.81. The broader Topix slid 0.41% to 1,973.37

The pan-European STOXX 600 index climbed 0.6% after ending last week slightly lower. The benchmark is less than 9% away from its all-time high hit in early-January.

The blue-chip CSI300 index fell 0.6% to 4,148.47, while the Shanghai Composite Index gained 0.1% at 3,214.50 points

On the technical charts, the RSI of the stock stood at 46.86.

"The company has also filed its Draft Red Herring Prospectus (DRHP) for an initial public offering (IPO) comprising a fresh issue aggregating up to Rs 750 crore and an offer for sale of up to 93,28,358 equity shares, including 88,96,998 equity shares by THCL Travel Holding Cyprus Ltd, one of its promoters," Yatra said in a statement.