Matrimony.com rallies over 10% on fixing buyback date

The shares of Matrimony.com rallied over 10 per cent in Wednesday’s trade after the company declared July 4, 2022, as the record date for determining names of equity shareholders eligible to participate in the share buyback of up to Rs 75 core.

The buyback committee of the Board of Directors of Matrimony.com on June 22 approved the final buyback price of Rs 1,150 per equity share. The total amount of buyback is up to Rs 75 crore. The total number of shares to be bought back in the buyback shall be up to 6.52 lakh, which represents 2.85 per cent of the total share capital of the company.

The firm also informed the exchanges that BSE is appointed as the designated stock exchange for the buyback of shares.


At 1 pm, the stock traded at Rs 828.05 around 7 per cent above its previous close of Rs 770.70.

Matrimony.com Ltd. founded in the year 2001, is a smallcap company with a market cap of Rs 1,920.40 crore, operating in the services sector.

The shares have given a negative 3-year return of 28.96 per cent. Promoters held 50.16 per cent and FIIs held 25.32 per cent stakes in the company as of March 31, 2022.