The MapMyIndia parent company has acquired 3,500 compulsorily convertible preference shares in Iwayplus Private Limited for approximately ₹2 crore, completing a transaction announced earlier this month.
15 Jan 2026 | 234 Views | By Sarthak Mahajan
C.E. Info Systems Limited, the parent company of MapMyIndia, has completed its acquisition of a stake in Iwayplus Private Limited, according to a regulatory filing submitted to the BSE and National Stock Exchange today.
The company acquired 3,500 compulsorily convertible preference shares (CCPS) in Iwayplus Private Limited for a ...
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C.E. Info Systems Limited, the parent company of MapMyIndia, has completed its acquisition of a stake in Iwayplus Private Limited, according to a regulatory filing submitted to the BSE and National Stock Exchange today.
The company acquired 3,500 compulsorily convertible preference shares (CCPS) in Iwayplus Private Limited for a total consideration of approximately ₹2 crore. Each share carries a face value of ₹10 and a premium of ₹5,704.28.
The acquisition, which was initially announced on January 12, 2026, has now been finalised, C.E. Info Systems confirmed in its communication to the stock exchanges. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
C.E. Info Systems' Company Secretary and Compliance Officer, Saurabh Surendra Somani, signed the regulatory filing informing the exchanges of the completion.
C.E. Info Systems Limited, which operates under the brand names MapMyIndia and Mappls, is headquartered in New Delhi and is listed on both BSE and NSE under the scrip code 543425 and symbol MAPMYINDIA respectively.
The company has not disclosed specific details about Iwayplus Private Limited's business operations or the strategic rationale behind the investment. Further information about the nature of this acquisition and its expected benefits remains unavailable at this time.