C E Info Systems acquires stake in Nawgati Tech; Stock rises

8 Sep 2022 , 12:01 PM

C E Info Systems Limited has informed to the stock exchanges regading acquisition of stake in Nawgati Tech Private Limited.

As per the regultory filing, the company had earlier informed about acquisition of 3% stake in Nawgati Tech Private Limited by CCPS. 

In addition to this, it further announced that the said acquisition is completed and has acquired 342 shares of face value of Rs10 each for Rs1 crore in Nawgati Tech Private Limited.

At around 11:50 AM, the company was trading at Rs1368.05 per share higher by 0.68% on the BSE.

C E Info Systems is an India-based provider of digital maps, geospatial software and location-based IoT Technologies. The Company’s customers include global tech giants, new-age consumer Internet technology companies, automotive manufacturers, large businesses across industry segments

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