Matrimony.com Ltd has finalized its buyback price at ₹655 per equity share, with the board approving an aggregate buyback size of ₹58.5 crore. Conducted via the tender offer route, this move reflects the company’s commitment to enhancing shareholder returns while reinforcing confidence in its financial strength and long-term growth outlook.
Matrimony.com Ltd, India’s leading online matchmaking platform, has confirmed the final buyback price of ₹655 per share. The buyback, amounting to ₹58.5 crore, will be executed through the tender offer route, allowing eligible shareholders to participate via the stock exchange mechanism.
Key Highlights
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Final Price: ₹655 per equity share.
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Buyback Size: Aggregate amount capped at ₹58.5 crore.
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Route: Tender offer through the stock exchange mechanism.
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Objective: Enhance shareholder value and optimize capital allocation.
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Company Profile: Operates BharatMatrimony, CommunityMatrimony, and EliteMatrimony, serving diverse segments across India and the global diaspora.
Outlook
The buyback underscores Matrimony.com’s strong cash position and focus on rewarding shareholders. With its leadership in digital matchmaking and expanding global reach, the company remains well-positioned to sustain profitability while balancing growth investments and shareholder returns.
Sources: IPO Watch, InvestorZone, Chittorgarh