10,648,594 Equity Shares of C. E. Info Systems Limited are subject to a Lock-Up Agreement Ending on 17-JUN-2023.
June 16, 2023
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10,648,594 Equity Shares of C. E. Info Systems Limited are subject to a Lock-Up Agreement Ending on 17-JUN-2023. These Equity Shares will be under lockup for 550 days starting from 14-DEC-2021 to 17-JUN-2023.
Details:
Pursuant to Regulation 14 and Regulation 16 of the SEBI ICDR Regulations, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of the Company held by the Promoters shall be locked in for a period of eighteen months from the date of Allotment and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment.
CE Info Systems Ltd. is an India-based provider of digital maps, geospatial software and location-based Internet of things (IoT) technologies. The Company's segment is Map data and Map data related services. Its business mainly consists of products like digital map data, GPS navigation and location-based services, licensing, royalty, annuity, subscription and customizing its products for customers. It offers digital maps as a service, software as a service and platform as a service, including its digital map data, software products, platforms, application programming interfaces (APIs), IoT and solutions to tech companies, large businesses, automotive original equipment manufacturers, government organizations, developers, and consumers. The Company's geographic information system and geo-analytics platforms include Insight and mGIS. These consist of location-based APIs capable of ingesting, processing, publishing, visualizing, and analyzing geospatial data to provide locations.