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Matrimony.com zooms on inking definitive agreement to acquire 100% stake in ShaadiSaga

07 Jul 2021 Evaluate

Matrimony.Com is currently trading at Rs. 1050.65, up by 40.80 points or 4.04% from its previous closing of Rs. 1009.85 on the BSE.

The scrip opened at Rs. 1009.25 and has touched a high and low of Rs. 1084.00 and Rs. 999.30 respectively. So far 16402 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 1242.00 on 25-Feb-2021 and a 52 week low of Rs. 366.00 on 16-Jul-2020.

Last one week high and low of the scrip stood at Rs. 1084.00 and Rs. 946.00 respectively. The current market cap of the company is Rs. 2401.99 crore.

The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 42.30% and 7.49% respectively.

Matrimony.com has signed definitive agreements to acquire a 100% stake in Boatman Tech, promoters of ShaadiSaga.com (a Delhi-based fast-growing online wedding services company) as approved by its Board of Directors. The transaction is subject to customary closing conditions and regulatory approvals.

In addition to being the industry leader in the online matchmaking space, Matrimony.com is a pioneer in the Wedding Services industry as well, with its continued investments in this space and building a portfolio of offerings including WeddingBazaar.com and Mandap.com. This deal enables Matrimony.com to scale up its presence significantly in the North and West regions, strengthen its product capabilities and become the largest Wedding Services player across the country.

Matrimony.com is India's leading consumer Internet company. It is a signature consumer internet conglomerate, managing marquee brands such as Bharat Matrimony, Community Matrimony and Elite Matrimony.

Matrimony.Com Share Price

439.50 -6.40 (-1.44%)
20-Apr-2026 10:29 View Price Chart
Peers
Company Name CMP
eClerx Services 1602.00
Info Edge 1057.75
Firstsource Solution 233.50
Affle 3i 1458.25
Hinduja Global Soln. 414.50
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