An Amazon spokesperson said: “We do not comment on what we may or may not do in future.” A GoDaddy spokesperson said: “GoDaddy doesn’t comment on rumours or speculations.”Various individuals own 15.87% of Rediff, according to information with the registrar of companies (ROC). “Now the promoters hold most of the stake.”Balakrishnan added that he has big plans for the future. Revenues dropped to Rs 43.07 crore in FY18 from Rs 90.89 crore in FY14. Losses narrowed from Rs 72.63 crore to Rs 9.14 crore in the same period, as per the Tofler report. The debt to equity ratio stood at a negative Rs 0.87 and the company had a negative net worth of Rs 43.3 crore at the end of March 2018.

Source: Economic Times April 02, 2019 00:33 UTC