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C.E. Info Systems acquires additional stake in Indrones Solutions

17 May 2023 Evaluate

C.E. Info Systems has completed the second tranche of acquisition by acquiring 1,478 Compulsorily Convertible Preference Shares (CCPS) for Rs 4 crore in Indrones Solutions. Earlier, the company had acquired 1477 CCPS in Indrones Solution. With the said acquisition, the Company has completed the acquisition of 20% stake in Indrones Solutions by acquiring 2,955 Compulsorily Convertible Preference Shares.  

C.E. Info Systems is India’s leading advanced digital maps and deep?tech company, popularly known in India as MapmyIndia and globally as Mappls.

Peers
Company Name CMP
TCS 2090.10
Infosys 1013.10
HCL Technologies 1252.95
Wipro 164.85
Tech Mahindra 1553.95
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