4% share drop in MapMyIndia's parent company due to promoter Rakesh Verma selling 1.1% equity.
MapMyIndia's parent company, CE Info Systems, saw a 4% share drop due to a block deal in which promoter Rakesh Verma sold 1.1% equity (6.1 lakh shares) for Rs 142.6 crore. Despite this, the company reported strong financial performance, with a 35.11% increase in PAT and a 47% increase in revenue for the March quarter of FY2023-24. The promoter group will retain a 51.9% stake, remaining committed to the company's growth.
June 26, 2024
3 Articles