Rediff.Com now trades on the Nasdaq Global Market

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Rediff.com India Limited (NASDAQ: REDF) today announced its move to The NASDAQ Global Market Ajit Balakrishnan Chairman and Chief Executive Officer of Rediff.com rang the opening bell at NASDAQ stock market today.

  

Speaking on the occasion Ajit Balakrishnan, Chairman and Chief Executive Officer of Rediff.com said, "It is truly an honor to have Rediff.com open The NASDAQ Stock Market today, especially given that this day marks our move to The NASDAQ Global Market from The NASDAQ Capital Market." He further added, " Rediff has always focused on product innovation based on our users' requirements, as part of our core strategy. We have also stepped up efforts to increase our reach to the smaller cities across India, by providing these Internet users - relevant products and services, local content and vernacular language interface. We believe that these initiatives have enabled us to provide strong returns to our shareholders."

 

The NASDAQ Global Market reflects the global leadership and international reach of companies whose securities are listed here and who are required to meet stringent financial and liquidity requirements and heightened corporate governance standards. From June 2002 up to October 8, 2006 Rediff.com's American Depositary Shares (ADSs) were traded on The NASDAQ Capital Market.   From June 2000 to June 2002, Rediff.com's ADSs traded on The NASDAQ National Market.

 

Sourced From: Genesis Public Relations Pvt Ltd