ALPHA TRIBE

Matrimony.Com LimitedDividend/Bonus, 22-11-2024: Buyback

22-11-2024 | 07:44 pm

Matrimony.com Limited has completed a buyback by extinguishing 7,02,439 fully paid-up equity shares of ₹ 5 each through a tender offer. As of the record date, the company's issued and paid-up capital decreased from 2,22,63,361 shares to 2,15,60,922 shares, reducing total paid-up capital from ₹ 1113.17 Cr to ₹ 1078.05 Cr. Post-buyback, promoters hold 53.27% of shares, while foreign investors' share increased to 46.73%. This buyback could enhance shareholder value by improving earnings per share and supporting share price stability.

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