Matrimony.com Shares Plunge 7% After Buyback Price Disappoints Street

• Matrimony.com shares fell 7% from their day's high after the company announced a new share buyback.
• The company approved a buyback of up to ₹58.50 crore at a maximum price of ₹655 per share, a 25% premium to current market levels.
• This is Matrimony.com's third share buyback in three years, following previous offers in 2022 and 2024.
• The buyback will be conducted via a "tender offer" route for up to 8.93 lakh equity shares.

Why It Matters: Investors are unimpressed by Matrimony.com's buyback, impacting stock performance.