
MapmyIndia, a leading digital mapping company, has reversed its decision to invest in a new venture led by its former CEO, Rohan Verma. The company had previously planned to acquire a 10% stake in the new entity. Following the announcement, MapmyIndia's stock surged, with shares rising by 14% to 17%, reflecting investor confidence in the revised strategy. The decision marks a significant shift in the company's business approach, particularly concerning its B2C operations.
MapMyIndia parent reverses decision to invest in former CEO's new company; Stock jumps 17% @hormaz_fatakia https://t.co/sP2VQyV41n
#MarketsWithMC | MapmyIndia shares up 14% after it reverses decision to invest in the new venture 📈 Here's all the details 👇 https://t.co/AzSMKmnDxb #StockMarket #Trading #MapmyIndia
🚨🚨MapmyIndia shares up 14% after it reverses decision to invest in the new venture https://t.co/PbX2sY0qpA via @moneycontrolcom