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| Exchange Disseminated Time | Ybrant Digital Ltd has informed BSE that:
"It is understood that misleading stories are being planted in the market by the persons with vested interests suggesting that the promoters are selling shares in the Company. Such falsified news seem to have led to sharp drop in the share price of the Company leading to inflow of queries from investors.
It is hereby clarified that the promoters and promoter group are holding 18,63,58,271 shares constituting 39.13% of the Company's share capital as on December 31, 2014 and continues to hold the said quantity of shares as on date. Also the Company has posted strong financial results for the quarter ended December 31, 2014.
It is hereby clarified and confirmed for information of all stakeholders that the promoters of LYCOS Internet Limited (formerly known as Ybrant Digital Limited) continue to have full faith in the company and hope that the investors/stakeholders would continue to have confidence in the company and its management, as hitherto." |
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