C.E. Info Systems Completes Acquisition of 96% Stake in Gtropy Systems for ₹24.99 Crore
CE Info Systems, parent company of MapmyIndia, has acquired a 96% stake in Gtropy Systems Private Limited for ₹24.99 crore. The company purchased 43,759 equity shares at ₹5,713.00 per share. This acquisition is expected to strengthen CE Info Systems' position in the digital mapping and location-based services market. The company has informed stock exchanges about the acquisition in compliance with SEBI regulations.

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CE Info Systems , the parent company of digital mapping firm MapmyIndia, has successfully completed the acquisition of a 96% stake in Gtropy Systems Private Limited for ₹24.99 crore. This strategic move marks a significant expansion for the company in the digital mapping and location-based services sector.
Acquisition Details
According to the company's filing with the stock exchanges, CE Info Systems has acquired 43,759 equity shares of Gtropy Systems at a price of ₹5,713.00 per equity share. The acquisition represents a 96% shareholding in Gtropy Systems on a fully diluted basis.
Strategic Implications
This acquisition is likely to strengthen CE Info Systems' position in the digital mapping and location-based services market. Gtropy Systems, a private limited company, is expected to bring additional capabilities or technologies that complement MapmyIndia's existing offerings.
Financial Aspects
The transaction value of ₹24.99 crore for a 96% stake indicates CE Info Systems' confidence in Gtropy Systems' potential and its alignment with the company's growth strategy. This investment showcases the company's commitment to expanding its portfolio and enhancing its market presence.
Regulatory Compliance
The company has duly informed the stock exchanges about this acquisition, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that shareholders and the market are kept informed about significant corporate actions.
While the specific details about Gtropy Systems' operations and how they will integrate with CE Info Systems are not provided, this acquisition represents a notable development for the company. Investors and industry observers will likely be keen to see how this strategic move unfolds and contributes to CE Info Systems' future growth and market position in the digital mapping and location-based services sector.
Historical Stock Returns for CE Info Systems
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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-0.03% | -0.92% | -7.33% | +0.14% | -18.63% | +18.24% |