CE Info Systems Ltd. recorded a significant block trade on the National Stock Exchange (NSE) involving a substantial transaction worth ₹43.66 crores. The large-volume trade demonstrates notable institutional activity in the company's shares.

Transaction Details

The block trade involved approximately 280,215 shares of CE Info Systems, executed at a price of ₹1,558.20 per share. Block trades are typically conducted by institutional investors to execute large transactions without significantly impacting the stock's market price.

Market Significance

Block trades represent off-market transactions that allow institutional investors to buy or sell large quantities of shares without affecting the regular trading price. These transactions are typically executed when there is substantial institutional interest in a particular stock, either for acquisition or divestment purposes.

The execution of such a significant block trade in CE Info Systems indicates active institutional participation in the company's equity, reflecting investor confidence in the stock's fundamentals and growth prospects.

MapmyIndia Mappls has officially expanded the capabilities of its flagship Mappls App by introducing comprehensive multimodal public transport route information through a regulatory filing under SEBI Regulation 30. The technology company has transformed its mapping platform to include metro, rail, and bus route information, creating a complete urban mobility solution for over 40 million users.

Enhanced Navigation Features

The multimodal public transport feature integrates seamlessly with the app's existing navigation tools, providing users with comprehensive journey planning capabilities. Users can now access public transport routes, stations, stops, and interchange options to plan journeys that combine different modes of transport.

Comprehensive City Coverage

The feature is currently available across 18 select cities, covering major metropolitan areas and tier-2 cities throughout India. The cities included in the launch are Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Chandigarh, Pune, Kolkata, Ahmedabad, Nagpur, Indore, Patna, Lucknow, Kanpur, Agra, Jaipur, Kochi, and Bhopal.

Leadership Vision and Strategic Impact

Rakesh Verma, Co-Founder, Chairman & Managing Director of MapmyIndia Mappls, emphasized that the launch resulted from listening to user feedback. "The launch of multimodal public transport routes on the Mappls App is a direct outcome of listening to our users. We want the Mappls App to be more inclusive and accessible for every citizen. As a fully indigenous platform built in India for India, Mappls remains committed to supporting sustainable urban mobility by seamlessly integrating public transport into everyday navigation," he stated.

Business Performance and Government Alignment

The enhancement strengthens Mappls' position as a comprehensive mobility platform, bringing private and public transport options onto a single indigenous maps and navigation application. The company's mapping and location technology aligns with government guidelines on international border delineation and handling of sensitive locations. MapmyIndia Mappls' government business has grown significantly in recent years and currently accounts for approximately 20.00% of its gross revenue, reflecting strong institutional adoption and supporting the company's mission to reduce urban congestion through improved public transport accessibility.