MapmyIndia IPO: C E Information Methods supply extra suited to long-term traders

ET Intelligence Group: CE Information Methods, which operates MapmyIndia, plans to lift upto Rs 1,040 crore via a proposal on the market of current shares. After the IPO, the promoter group’s stake will cut back to 53.7 per cent from 61.7 per cent. Traders comparable to Qualcomm will promote total 5.1 per cent stake whereas Zenrin will cut back the stake to six.2 per cent from 8.8 per cent. PhonePe India, which holds 19.2 per cent stake, is not going to take part within the

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