C.E. Info Systems Limited has informed the Exchange regarding Board meeting held on January 12, 2026.
MAPMYINDIA · price
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C.E. Info Systems (MapMyIndia) has approved an investment of Rs 2 crore in Iwayplus Private Limited, an indoor navigation startup, through Compulsorily Convertible Preference Shares (CCPS). This will give MapMyIndia a 6.06% stake on a fully diluted basis (3,500 CCPS representing 0.01% CCPS). Iwayplus offers indoor mapping, wayfinding, and location-based services for hospitals, airports, malls, and campuses, with revenues of Rs 0.19 crore (FY24) and Rs 0.76 crore (FY25). The deal is a cash transaction expected to be completed within 3 months and is not a related-party transaction.
This is a small, strategic minority investment (Rs 2 crore) aimed at bolstering MapMyIndia's indoor navigation capabilities rather than driving material financial impact. Shareholders should view it as a portfolio-expansion move into an emerging tech vertical, unlikely to move the stock significantly on its own.