PhonePe Offloads 5% Stake In MapmyIndia For INR 486 Cr

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SUMMARY

As per BSE data, the digital payments major offloaded 27.21 Lakh shares of the geotech startup’s parent CE Info Systems at INR 1,786.22 each

More than 12.88 Lakh shares were lapped up by Motilal Oswal Mutual Fund, ICICI Prudential Mutual Fund and Tata Mutual Fund at INR 1,785 each

Markets reacted sharply to PhonePe’s partial exit, sending MapmyIndia stock down by 9.39% to close the day at INR 1,768.75 on the BSE on June 12

Fintech major PhonePe has offloaded a 5% stake in geotech major MapmyIndia via an open…



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PhonePe Offloads 5% Stake In MapmyIndia For INR 486 Cr


SUMMARY

As per BSE data, the digital payments major offloaded 27.21 Lakh shares of the geotech startup’s parent CE Info Systems at INR 1,786.22 each

More than 12.88 Lakh shares were lapped up by Motilal Oswal Mutual Fund, ICICI Prudential Mutual Fund and Tata Mutual Fund at INR 1,785 each

Markets reacted sharply to PhonePe’s partial exit, sending MapmyIndia stock down by 9.39% to close the day at INR 1,768.75 on the BSE on June 12

Fintech major PhonePe has offloaded a 5% stake in geotech major MapmyIndia via an open…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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