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MUMBAI: The global digital media company, Ybrant Digital (formerly
known as LGS Global), has listed at the Bombay Stock Exchange
(BSE) today.
Ybrant
Digital had recently announced the approval on its Scheme
of Amalgamation received from the Andhra Pradesh High Court
on its merger with LGS Global.
For
the financial year ended 31 March 2012, the company's combined
consolidated provisional revenues stood at Rs 13.20 billion
and net profit is at Rs 1.9 billion.
Ybrant
Digital chairman and MD Suresh Reddy said, "Ybrant Digital
begins the trading of the stock "YBRANTDIGI". This
is a significant event in the history of Ybrant Digital. We
look forward to the continued cooperation of our shareholders,
partners and other stakeholders."
Post
its listing, company's scrip jumped 7.6 per cent to close
at Rs 94.95 per share.
Ybrant
Digital offers digital marketing solutions to businesses,
agencies, and online publishers worldwide. It connects advertisers
with their audience across any form of digital media.
Founded
in 2000 and headquartered in India, Ybrant Digital holds 20
offices worldwide, including US, Argentina, Brazil, Chile,
Uruguay, Mexico, UK, France, Germany, Sweden, Ukraine, Serbia,
Israel, China, India, and Australia, and with representatives
or partners in Spain, Greece and The Netherlands.
Ybrant
Digital services offers services to brands including SAP,
Porsche, Ford, UPS, Swissair, Chevrolet, 3M, Jeep, US Army,
LaSalle and Lufthansa.
Besides
proprietary media such as Lycos, Gamesville, getMedia in Latin
America and several travel websites in Australia, Ybrant Digital
partners with top global publishers such as Facebook, Google,
MSN, Yahoo!, and Viacom, and assists over 140 top ad agencies
including OMD, Carat, MediaCom, Group M, Quasar, Razorfish,
Mindshare, Maxus, OmniCom and Oglivy, spread across Europe,
the Americas and Asia.
Recently,
Ybrant Digital acquired three Internet brands in the United
States namely PriceGrabber, LowerMyBills, and ClassesUSA.com
for a consideration of $175 million.
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