Geospatial-solutions provider MapmyIndia raises stake to 96% in Gtropy Systems

Publicly listed, Delhi-based C.E. Info System Ltd, which runs mapping service Mapmyindia , has increased its stake in fellow Delhi-based Gtropy Systems Pvt Ltd to 96% by subscribing to 43,759 equity shares (INR 5,713 per share) for INR 24.99 crore. Post acquisition, Gtropy became a wholly owned subsidiary of C.E. Info Systems.Gtropy is a GPS-based fleet management solution engaged in the businesses of IoT and logistics SaaS tech.