Matrimony.com gains 6% as board plans to mull share buyback proposal

The board will meet on May 12, 2022, to consider the proposal for buyback of equity shares of the company, the quantum, and mode of buyback.

Shares of Matrimony.com traded 6 per cent higher at Rs 733 on the BSE at 09:46 AM in Thursday’s trade. The spike comes after the company announced that the board will consider share buyback proposal on May 12, 2022.

The stock of the leading online matrimony company opened 11 per cent higher at Rs 770 on the BSE. In comparison, the S&P BSE Sensex was up 0.87 per cent at 56,152 points. Earlier, the stock had hit a 52-week low of Rs 660.35 on March 28, 2022.

“A meeting of the board of directors of the company will