C.E. Info Systems shares gained in early trade on September 12, after Zoomcar partnered with the MapMyIndia operator.
"Aimed to simplify the way Indians travel, users can book a Zoomcar directly on Mappls App and enjoy unique features like 3D junction views for navigation through complex flyovers and junctions, with real-time safety and speed alerts, breakers and more," said Zoomcar.
The auto player added that Mappls additionally provides an AI-powered travel platform that offers tailored travel solutions to its users, from destination selection to hotel bookings and detailed itinerary planning.
At 9.35 am, C.E. Info Systems stock price was quoting Rs 2,118, up three percent on the NSE compared to the previous session's close.
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"Our partnership with Zoomcar brings added convenience and freedom to travelers and marks a significant milestone in our mission to simplify and enhance the travel experience for users. We're excited to bring more value to Mappls app users through this partnership and go deeper into travel tech," said Rohan Verma, CEO & Executive Director of MapmyIndia.
On June 26, a block deal involving Rs 142.60 crore worth shares of C.E. Info Systems took place on the exchanges, with promoter and managing director, Rakesh Kumar Verma being the seller. In an interaction with CNBC-TV18, Rakesh Verma revealed that he sold shares in C.E. Info Systems for philanthropy reasons and does not intend to trim his stake any further.
Over the past year, CE Info Systems have gained around 28.5 percent, marginally outperforming the benchmark Nifty 50 index that has gained around 25 percent during the same time period.
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