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MapMyIndia shares decline 7% as 28.6 lakh shares change handsAt the end of the March quarter, Phonepe held an 18.7% stake in MapMyIndia.By Vivek Iyer   June 12, 2025, 9:25:08 AM IST (Updated)2 Min ReadShares of CE Info Systems Ltd declined over 7% on Thursday, June 12, after 28.6 lakh shares of the company or 5.3% equity changed hands at ₹1,813.7 per share.

Earlier, sources told CNBC-TV18 that digital payments major Phonepe Pvt. Ltd. had launched a block deal to sell 5% equity in CE Info Systems Ltd., which operates MapMyIndia, for ₹476.2 crore.

The floor price of the deal is said to be ₹1,750 per share, which is a 10.4% discount to CE Infosystems' last closing price, sources added.

At the end of the March quarter, Phonepe held an 18.7% stake in MapMyIndia.

Last month, Phonepe CEO Sameer Nigam had told CNBC-TV18 that month that the digital payments major was preparing for an initial public offering (IPO), calling the current moment "the right time" to go public

.CE Info Systems' fourth quarter net profit increased 28.2% to ₹48.6 crore from ₹37.9 crore in the year-ago period.

Its fourth quarter revenue from operations increased 34.2% to ₹144 crore against ₹107 crore in the same period last fiscal.

The company's earnings before interest, tax, depreciation and amortisation (EBITDA) increased 46% to ₹58 crore form ₹39.7 crore in the fourth quarter of the previous fiscal.

Its EBITDA margin contracted to 34.4% from 37% in the year-ago period.

Shares of CE Info Systems were trading 6.93% lower at ₹1,813.9 apiece on Thursday, June 12. The stock has gained 11.9% this year, so far.

Also Read: Share Buyback: Tanla Platforms board meet on June 16 to consider third proposal in five yearsContinue ReadingFirst Published: Jun 12, 2025 7:42 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!Tagsblock dealCE Info SystemsMapmyIndiashare market today