MapmyIndia parent scraps plan to invest in outgoing CEO’s company, shares surge
(Reuters) – CE Info Systems, the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback, with its shares closing 16% higher. MapmyIndia powers Apple Inc’s maps in the country and garners 99% of …
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