Matrimony.Com skyrockets ~8% as Buy Back committee gives nod to Rs750 million buy back Plan

22 Jun 2022 , 11:38 AM

Matrimony.com Limited’s counter climbed nearly 8% in today’s trade as the company announced that the Buy Back Committee of the Board of Directors of the Company at the meeting held today i.e., June 22, 2022, inter-alia, approved the final Buy Back.

At around 11.37 AM, Matrimony.com was trading at Rs833.30 up by Rs62.6 or 8.12% from its previous closing of Rs770.70 on the BSE.

The company has fixed the Buy Back price of Rs1,150 per equity share and the aggregate amount of Buy Back up to Rs750 million, excluding any expenses incurred or to be incurred for the Buy Back viz.

The total number of shares to be bought back has been estimated as 6,52,173, representing 2.85% of the total number of equity shares in the total paid-up equity share capital of the company.

The company has fixed Monday, July 4, 2022, as the record date to determine the names of the equity shareholders eligible to participate in the Buy Back and their entitlements.

The scrip opened at Rs776.55 and hit intraday high and low of Rs845.20 and Rs776.55 respectively.