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PhonePe likely to sell 5% stake in MapMyIndia for up to ₹476.2 crore, sources sayAt the end of the March quarter, Phonepe held an 18.7% stake in MapMyIndia.By Vivek Iyer   June 12, 2025, 7:42:03 AM IST (Published)2 Min ReadDigital payments major Phonepe Pvt. Ltd. has launched a block deal to sell 5% equity in CE Info Systems Ltd., which operates MapMyIndia, for ₹476.2 crore, people in the know told CNBC-TV18.

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 ended the previous trade session 1.1% higher at ₹1,940 apiece. The stock has gained 19.4% this year, so far.

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