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MapMyIndia scraps plan to invest in CEO's new firm, shares up 16%
short by Mansi Agarwal / on Monday, 9 December, 2024
MapMyIndia parent CE Info Systems shares ended roughly 16% higher on Monday after its board reversed a decision to invest in outgoing CEO Rohan Verma's new company. The board had earlier approved an investment of ₹35 crore via compulsorily convertible debentures in the company. Shares of CE Info had dipped sharply after the board's approval.
read more at CNBC-TV18