Hot Pursuit     28-Nov-23
C.E. Info Systems to raise Rs 500 cr via QIP
C.E. Info Systems said that its board has approved raising of funds for an amount not exceeding Rs 500 crore through qualified institutional placement (QIP).
“Raising of funds by way of issuance of such number of equity shares having face value of Rs 2 each for an aggregate amount not exceeding Rs 500 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) in accordance with the applicable laws, subject to the receipt of the necessary approvals including the approval of the members and other regulatory / statutory approvals, as may be required,” the company stated in regulatory filing.

C.E. Info Systems provides digital map data, GPS navigation and location-based services, software and customizing its products to customers (combined) through royalty, annuity, subscription.

The company’s consolidated net profit jumped 30% to Rs 33.04 crore on 19.4% increase in net sales to Rs 91.08 crore in Q2 FY24 over Q2 FY23.

Shares of C.E. Info Systems rose 0.07% and currently traded at Rs 2,202.10 on the BSE.

Previous News
  C.E. Info Systems Ltd leads losers in 'A' group
 ( Hot Pursuit - 26-Jun-24   15:00 )
  MapMyIndia spurts as Q2 PAT rises 30% YoY to Rs 33 cr
 ( Hot Pursuit - 01-Nov-23   12:36 )
  C.E. Info Systems consolidated net profit rises 17.48% in the June 2022 quarter
 ( Results - Announcements 06-Aug-22   08:25 )
  CE Info Systems slumps after block deal
 ( Hot Pursuit - 26-Jun-24   11:51 )
  C.E. Info Systems consolidated net profit rises 30.03% in the September 2023 quarter
 ( Results - Announcements 31-Oct-23   17:00 )
  C.E. Info Systems completes acquisition of 75.98% stake in Gtropy Systems
 ( Corporate News - 04-Mar-22   14:20 )
  MapMyIndia rises on bagging Rs 400-cr order from Hyundai AutoEver Corp
 ( Hot Pursuit - 19-Jan-24   13:18 )
  C.E. Info Systems wins Rs 400 cr deal from Hyundai AutoEver Corp.
 ( Corporate News - 19-Jan-24   12:52 )
  Volumes soar at Finolex Cables Ltd counter
 ( Hot Pursuit - 28-Sep-23   14:30 )
  CE Info systems hits record high; jumps 20% in four days
 ( Hot Pursuit - 28-Sep-23   13:40 )
  C.E. Info Systems
 ( Results - Analysis 17-Jan-24   09:41 )
Other Stories
  RVNL gains on emerging as L-1 bidder for Rs 133-cr railway project
  03-Jul-24   15:38
  Cholamandalam Financial Holdings Ltd leads losers in 'A' group
  03-Jul-24   15:00
  Sakuma Exports Ltd leads losers in 'B' group
  03-Jul-24   14:45
  NTPC power generation climbs 9.5% YoY in Q1
  03-Jul-24   14:41
  Volumes soar at MMTC Ltd counter
  03-Jul-24   14:30
  Oil and Gas shares fall
  03-Jul-24   14:00
  Real Estate stocks edge lower
  03-Jul-24   14:00
  Energy stocks edge lower
  03-Jul-24   14:00
  Sundaram-Clayton gains after board OKs to raise funds upto Rs 400 cr
  03-Jul-24   13:38
  JSW Infra's subsidiary concession agreement V.O. Chidambaranar Port Authority
  03-Jul-24   13:34
Back Top