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Matrimony.com to acquire 50% stake in astrology tech firm Astro-Vision, reports Q2 PAT up nearly 3X

Reported by: BusinessLine · 6:27 pm

Summary

BusinessLine reported that will acquire a 50% stake in Astro-Vision, an astrology technology firm. Matrimony already holds 26.09% of Astro-Vision, so the deal takes its total stake to 76.09%, the outlet said. In the same report, BusinessLine said Matrimony's profit for Q2 rose nearly three times, meaning close to triple the profit of the same quarter last year. Q2 is the July to September quarter, the second quarter of India's financial year. A stake is the share of a company that an investor owns; crossing 50% usually means the buyer controls the company. The report did not give the deal value, the exact profit figure or the date of the purchase. It also did not say what Astro-Vision does beyond astrology technology.

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BusinessLine · 6:27 pm · Tone 0

Matrimony.com to acquire 50% stake in astrology tech firm Astro-Vision, reports Q2 PAT up nearly 3X

Matrimony already holds 26.09 per cent stake in Astro-vision, and the total stake goes up to 76.09 per cent with this acquisition

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Q2
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