Ybrant climbs after it agrees to acquire minority stake in Jobookit - The New Indian Express

Ybrant climbs after it agrees to acquire minority stake in Jobookit

Published: 09th April 2014 12:19 PM

Last Updated: 09th April 2014 12:19 PM

Ybrant Digital climbed on Wednesday after it agreed to take a minority stake in Israel listed company, Jobookit Holdings, through Ybrant Digital Israel, the Israeli subsidiary of Ybrant.

At the same time, Ybrant will exclusively represent Jobookit and affiliates' websites for the next 30 months for their online advertising needs. Ybrant has the right to extend the representation agreement for two more years based on performance. Shares ofthe companyare trading at Rs 15.95, up Rs 0.75, or 4.93% at the Bombay Stock Exchange (BSE) on Wednesday at 10:56 a.m.The scrip has touched an intra-day high of Rs 15.95 and low of Rs 15.30. The total volume of shares traded at the BSE is 903,355.In the earlier session, the shares climbed 0.33%, or Rs 0.04, at Rs 15.20. Currently, the stock is trading down 33.12% from its 52-week high of Rs 23.85 and above 530.43% over the 52-week low of Rs 2.53.

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