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    HomeNewsBusinessMarketsMapMyIndia's promoter likely to sell 5 lakh shares in Rs 115-cr block deal: CNBC-Awaaz

    MapMyIndia's promoter likely to sell 5 lakh shares in Rs 115-cr block deal: CNBC-Awaaz

    The floor price of the deal will be Rs 2,293.2 per equity share, which implies 5 percent discount from the current market price

    Moneycontrol News
    June 25, 2024 / 19:04 IST
    MapMyIndia's promoter likely to sell 5 lakh shares in Rs 115-cr block deal

    Rakesh Kumar Verma, the promoter of CE Info Systems, the parent of MapMyIndia, will sell 5 lakh shares of the company through a block deal, reported CNBC-Awaaz on June 25 citing sources.

    The floor price of the deal will be Rs 2,293.2 per equity share, which implies 5 percent discount from the current market price of Rs 2,413.

    Total size of the block deal is Rs 115 crore and JM Financial is the broker, the channel reported.

    Moneycontrol News
    first published: Jun 25, 2024 07:03 pm

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