Matrimony.com surges 14% as board to mull share buyback on Sept 05

Shares of Matrimony.com hit a 52-week high of Rs 848, as they surged 14 per cent on the BSE in Tuesday’s intra-day trade after the company said its board will meet on Thursday to consider share buyback proposal. The stock surpassed its previous high of Rs 785.05 touched on August 21. It had hit a record high of Rs 1,242 on February 25, 2021.

Matrimony.com in an exchange filing said a meeting of board of directors of the company will be held on September 5, 2024, inter-alia, to consider and approve, the proposal for buy back of its fully paid up equity shares of the company and the matters necessary and incidental thereto.