MapmyIndia Shares Surge

MapmyIndia parent scraps plan to invest in outgoing CEO's company, shares surge
CE Info Systems, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback,
MapmyIndia Shares Surge After Firm Scraps Plan to Split Business
Shares of an CE Info Systems Ltd., known as MapmyIndia, jumped after the company said it is reversing an earlier plan to carve out its consumer business.
MapMyIndia parent reverses decision to invest in former CEO's new company; Stock jumps 17%
MapMyIndia was earlier supposed to invest in the new company which will be formed by former CEO Rohan Verma by subscribing to a 10% equity stake.
MapMyIndia cancels investment in CEO Rohan Verma’s startup, to shift focus to…
In an unexpected turn, MapMyIndia has announced that it will not proceed with its planned investment in the startup founded by its outgoing CEO, Rohan Verma. The decision, revealed on December 9, follows a shift in the company's strategy concerning its business operations.
MapmyIndia Backtracks on Investment in CEO Rohan Verma’s Startup, Retains B2C Brand MAPPLS
Facing investor concerns, MapmyIndia halts plans to invest Rs 35 crore in the new B2C entity led by CEO Rohan Verma.
MapmyIndia parent scraps plan to invest in outgoing CEO's firm, shares rise
MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses
MapMyIndia takes a u-turn, scraps decision to invest in outgoing CEO Rohan Verma’s startup
MapMyIndia's Board of Directors scrapped the decision to invest ₹35 crore in exchange of 10 per cent stake in outgoing CEO Rohan Verma's new business venture, on Monday. Shares were trading higher on December 9.
Here's why MapmyIndia share price dropped 5% on December 10, details here
The fall in MapmyIndia share came after the board of the company said that it has scrapped plans to invest in a company being ...
MapMyIndia share price falls over 5% after a 16% jump in previous session. Opportunity to buy?
MapMyIndia shares rallied more than 16% in the previous session after the company’s board of directors decided that the ...
MapMyIndia shares zoomed 18% in fag-end deals today; here's why
Brijesh Singh of StockAxis said the counter has moved up significantly. "Near-term support will be at Rs 1,800-1,820 level.
MapmyIndia: Will the stock rerate after the apparent victory of minority shareholders?
The board clarified that the company will continue to prioritise its B2B and B2B2C segments, which currently contribute over ...
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MapmyIndia reverses decision to make equity/debt investment in new company
The company’s decision comes days after it said it would make a Rs 35 crore investment in outgoing CEO Rohan Verma’s B2C ...
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MapmyIndia Takes U-Turn On B2C Hive-Off, Shares Rally
MapmyIndia has decided not to make any equity or debt investment in the new CEO Rohan Verma entity. Its shares rally 16% to ...
C.E. Info Systems reiterates its focus on B2B and B2B2C segments
The Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99% of revenues and continues to represent a significant growth ...
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MapmyIndia’s process to spin-off its B2C operations raise a host governance issues
On 1st December 2024, MapmyIndia, a key player in India's digital mapping and location services sector, came under scrutiny following its decision to transfer its business-to-consumer (B2C) ...