Matrimony.com to raise Astro-Vision stake to 76.09%
In short
Matrimony.com said it will buy a 50% stake in Astro-Vision. It already owns 26.09%, so its total stake will rise to 76.09%.
That gives Matrimony.com majority control of the astrology tech firm.
What the reporting says
Matrimony.com said it will acquire a 50% stake in astrology tech firm Astro-Vision, taking its total holding to 76.09% from an existing 26.09% stake. The reported change gives Matrimony.com majority ownership in the company.
Why it matters
Matrimony.com said it will acquire a 50% stake in Astro-Vision, increasing its holding from 26.09% to 76.09%. The move gives Matrimony.com majority ownership of the astrology technology firm.