C. E. Info Systems Limited (NSEI:MAPMYINDIA) Agreed to acquire 20% stake in Indrones Solutions Private Limited for INR 70 million on January 31, 2023. Indrones Solutions Private Limited Reported turnover of INR 22 million in FY 2022. As of January 31, 2023, the board of C. E. Info Systems Limited approved the transaction. The transaction is expected to close within 3-6 months. As of February 10, 2023, C. E. Info Systems acquired 11.11% stake in Indrones Solutions, representing 1,477 Compulsorily Convertible Preference Shares.

C. E. Info Systems Limited (NSEI:MAPMYINDIA) completed the acquisition of 20% stake in Indrones Solutions Private Limited on May 16, 2023. As on May 16, 2023, C. E. Info Systems completed second tranche of acquisition by acquiring 1,478 Compulsorily Convertible Preference Shares.