PhonePe Sells 5% Stake in MapmyIndia for Rs 476 Crore

  Published 1 year ago

PhonePe sold a 5% stake in MapmyIndia via a block deal at Rs 1,750/share, a 10.36% discount, fetching Rs 476.2 crore.

  • Trading volumes spiked on BSE (32.30 lakh shares) and NSE (21.52 lakh shares) amid the transaction.
  • Promoters hold 51.65% stake, while PhonePe previously owned 18.74% in C.E. Info Systems (MapmyIndia).
  • MapmyIndia offers digital maps, geospatial software, and IoT solutions under the Mappls brand to diverse sectors.

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