MapMyIndia's parent company, C. E. Info Systems, saw its shares drop 3% following the announcement to spin off its B2C business into a separate entity, led by current CEO Rohan Verma. The company plans to invest Rs 10 lakh for a 10% stake in the new venture and an additional Rs 35 crore through Compulsorily Convertible Debentures. Verma will step down as CEO in March 2025 but will remain on the board as a Non-Executive Director.
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