Matrimony.com Approves ₹58.4 Crore Share Buyback

Matrimony.com, a company that helps people find partners online, has decided to buy back some of its own shares.

This means they will spend ₹58.4 crore to buy up to 8.93 lakh shares at ₹655 each.

The company's leaders, who own more than half of the company, won't be selling their shares back.

This is the third time in three years that Matrimony.com has done a share buyback.

Recently, the company's profits went down by 41%, and its revenue also dropped a little.

The company also decided to keep its current leaders in their jobs.

After the announcement, the company's shares were trading lower than the buyback price.