Latest news with #CEInfoSystems
Time of India
a day ago
- Business
- Time of India
PhonePe sells 5% in CE Info for 486cr
NEW DELHI: Digital payments major PhonePe on Thursday trimmed its holding by selling a 5% stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction. Tired of too many ads? go ad free now PhonePe is an arm of Walmart-controlled online retailer . Following stake sale, shares of CE Info Systems plunged 9.4% to settle at Rs 1,769 apiece on BSE. According to bulk deal data available on the BSE, PhonePe offloaded 27.2 lakh shares, amounting to 5% stake in CE Info Systems. The shares were sold at an average price of Rs 1,786 apiece, taking the transaction value to Rs 486 crore. After the latest transaction, PhonePe's holding in CE Info Systems declined to 13.7% from 18.7%.
Time of India
2 days ago
- Business
- Time of India
PhonePe pares 5% stake in MapmyIndia for Rs 486 crore
Synopsis Following the stake sale, shares of CE Info Systems plunged 9.39% to settle at Rs 1,768.75 apiece on the BSE. The shares were sold at an average price of Rs 1,786.22 apiece, taking the transaction value to Rs 486.03 crore.
Business Standard
2 days ago
- Business
- Business Standard
C E Info Systems slumps after block deal
C E Info Systems dropped 8.55% to Rs 1785.30 after heavy block deal activity early today, 12 June 2025. While the buyers and sellers are unknown, media reports suggest that PhonePe likely sold off a 5% equity stake in the company through a block deal valued at Rs 476.2 crore. The transaction was reportedly offered at a floor price of Rs 1,750 per share, which represents a 10.36% discount to the stock's last closing price. Trading volumes surged with BSE seeing 32.30 lakh shares change hands, compared to the 3-month average of 5,787 shares. NSE volumes surged to 21.52 lakh shares, above the 3-month average of 1.01 lakh. As of March 2025, promoters held a 51.65% stake in C.E. Info Systems. Among public shareholders, PhonePe held 18.74% stake. C.E. Info Systems ("MapmyIndia") is Indias leading deep-tech digital map data, geospatial software and location-based IoT products, platforms, solutions and APIs company, offering proprietary digital maps as a service ("MaaS"), software as a service ("SaaS") and platform as a service ("PaaS"). The company provides its digital maps, software products, platforms, application programming interfaces ("APIs"), IoT and solutions to new-age tech companies, businesses across industry verticals, automotive OEMs, government organisations, developers and consumers, under the Mappls MapmyIndia brand. On a consolidated basis, net profit of C E Info Systems rose 28.02% to Rs 48.57 crore while net sales rose 34.28% to Rs 143.55 crore in Q4 March 2025 over Q4 March 2024.
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Business Standard
2 days ago
- Business
- Business Standard
CE Info Systems slips 9% after 3.1 mn shares change hands on BSE
CE Info Systems (MapmyIndia) share price cracked 8.5 per cent in trade on Thursday, June 12, 2025, logging an intraday low at ₹1,785 per share on BSE amid heavy volumes. On BSE, 3.1 million shares changed hands and on National Stock Exchange (NSE) 1.1 million shares were traded at 9:37 AM. Around the same time, CE Info Systems shares were trading 6.9 per cent lower at ₹1,817.5 per share on the BSE. In comparison, the BSE Sensex was up 0.10 per cent at 82,597.82. The company's market capitalisation stood at ₹9,888.13 crore. Its 52-week high was at ₹2,745.05 per share and 52-week low was at ₹1,514.7 per share. CE Info Systems block deal reports According to reports, PhonePe Pvt Ltd was likely to offload a 5 per cent equity stake worth ₹476 crore in CE Info Systems, with a floor price set at ₹1,750 per share. As of March 2025, PhonePe held an 18.74 per cent stake in the company. CE Info Systems Q4 results 2025 In the quarter that ended March 31, 2025, the company registered a 28 per cent rise in profit after (PAt) to ₹49 crore as compared to ₹38.2 crore a year ago. The revenue from operations stood at ₹143.5 crore as compared to ₹106.9 crore a year ago, up 34 per cent. The Earnings before interest, tax, depreciation, and amortisation stood at ₹58 crore as against 39.5 crore a year ago. Ebitda margin stood at 40 per cent as compared to 38 per cent a year ago. The company's open order book has grown 10 per cent to ₹1,500 crore based on ₹633.5 crore of annual new order bookings in FY25, with momentum across both Automotive and Mobility Tech (A&M) and Consumer Tech & Enterprise Digital Transformation (C&E) market segments, due to continued adoption & expansion of use cases by new and existing customers. Additionally, new orders won with fixed pricing have grown significantly in FY25 to ₹417.9 crore as against ₹240 crore in previous year. The current open order book to revenue conversion ratio is estimated to be 3-4 years. About CE Info Systems CE Info Systems is a deep-tech digital map data, geospatial software, and location-based IoT products, platforms, solutions, and APIs company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS).
Economic Times
2 days ago
- Business
- Economic Times
MapmyIndia shares in focus as PhonePe plans 5% stake sale via block deal
Shares of CE Info Systems, the parent company of MapMyIndia, are expected to be in focus on Thursday, June 12, following reports that PhonePe Pvt. Ltd. is set to sell a 5% equity stake in the company through a block deal valued at Rs 476.2 crore. ADVERTISEMENT The transaction is reportedly being offered at a floor price of Rs 1,750 per share, which represents a 10.4% discount to the stock's last closing price, according to CNBC-TV18. At the end of the March 2025 quarter, PhonePe held an 18.7% stake in CE Info Systems. The current deal would reduce its holding to around 13.7%, signalling a partial monetisation of its investment. CE Info Systems reported a 28% year-on-year (YoY) increase in net profit for the fourth quarter of FY25, with Profit After Tax (PAT) rising to Rs 49 crore, compared to Rs 38.2 crore in Q4 company's Revenue from Operations grew by 34% YoY to Rs 143.5 crore in Q4 FY25, up from Rs 106.9 crore in the same quarter last year, while the total Income for the quarter stood at Rs 166.7 crore, marking a 40% increase from Rs 119.3 crore in Q4 Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose to Rs 58 crore, up 47% from Rs 39.5 crore in the year-ago period. The company reported an EBITDA margin of 40% in Q4 FY25, compared to 37% in Q4 FY24. ADVERTISEMENT Also read: Nifty to climb new high by Sept-Oct; bullish on 3 stocks now: Dharmesh Shah The PAT margin for the quarter was 29%, slightly lower than 32% reported in the corresponding quarter of the previous year. ADVERTISEMENT On Wednesday, the shares of C.E. Info Systems closed 1.7% higher at Rs 1,952.15 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
