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Matrimony.com Ltd. ( (IN:MATRIMONY) ) has shared an update.
Matrimony.com Limited’s board has approved a buyback of 893,129 equity shares at ₹655 per share, totaling up to ₹58.5 crores, representing approximately 24.7% of the company’s paid-up equity share capital and free reserves. The buyback, subject to shareholder approval, will be conducted via a tender offer, with a portion reserved for small shareholders. Additionally, the board has reappointed Mr. Murugavel Janakiraman as Managing Director for a term from April 2026 to March 2029, affirming his eligibility under SEBI regulations.
More about Matrimony.com Ltd.
Matrimony.com Limited operates in the online matchmaking industry, providing matchmaking services through its platforms. The company focuses on connecting individuals seeking marriage partners, primarily in India, and has a significant presence in the online matrimonial services market.
Average Trading Volume: 2,230
Technical Sentiment Signal: Hold
Current Market Cap: 11.79B INR
See more data about MATRIMONY stock on TipRanks’ Stock Analysis page.