Matrimony.com to acquire 26.1% stake in Astro-Vision

Chennai-based Matrimony.com has signed a definitive agreement to acquire a 26.1 per cent stake in Astro-Vision Futuretech, promoters of Clickastro.com.

The stake is through fresh infusion of capital in Astro-Vision, and the transaction is subject to customary closing conditions and regulatory approvals. The transaction cost was not disclosed.

Astro-Vision, since its inception in 1984, has been promoting Vedic-based astrology solutions by providing astrology content and software in 10 Indian languages, and has generated more than 110 million horoscopes till date, the company claims.

Its portal provides algorithm-based, personalised and multi-lingual astrology content, and has around 40,000 daily visitors and creates over 25,000 reports every day, said a press release from Matrimony.com