LGS Global is currently trading at Rs. 95.45, up by 5.35 points or 5.94% from its previous closing of Rs. 90.10 on the BSE.
The scrip opened at Rs. 93.70 and has touched a high and low of Rs. 97.00 and Rs. 91.20 respectively. So far 11883 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.40 on 07-Dec-2011 and a 52 week low of Rs. 40.60 on 12-May-2011.
Last one week high and low of the scrip stood at Rs. 103.00 and Rs. 88.55 respectively. The current market cap of the company is Rs. 242.16 crore.
The promoters holding in the company stood at 56.98% while Institutions and Non-Institutions held 11.46% and 31.57% respectively.
Ybrant Digital, the leading global digital marketing company has entered into an agreement to purchase PriceGrabber, LowerMyBills, and ClassesUSA.com. This purchase will add a business of $283 million and employee strength of over 300, at an agreed consideration of $175 million (around Rs 930 crore).
PriceGrabber is price comparison shopping business which powers Yahoo! and MSN shopping. LowerMyBills.com, is the one-stop destination that offers savings through relationships with more than 500 service providers across multiple categories, including home loans, credit cards, auto and health insurance, and long-distance and wireless services. Besides, ClassesUSA.com is the leading online higher-education portal with 2 million visitors and 300 accredited college and university partners.
This is Ybrant’s second successful foray into acquiring premium destination sites. In 2010, the company had successfully acquired Lycos.com. By acquiring these three established Internet brands and combining forces, Ybrant becomes the leader in many key digital marketing areas worldwide.
Recently, Ybrant Digital had received an approval from the High Court of Andhra Pradesh for its merger with LGS Global. The AP High Court has sanctioned the scheme of amalgamation.
| Company Name | CMP |
|---|---|
| TCS | 4168.05 |
| Infosys | 1922.05 |
| HCL Tech. | 1911.20 |
| Wipro | 305.15 |
| Tech Mahindra | 1685.20 |
| View more.. | |
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