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New Delhi. Major Digital Payments Company Company PhonePe (PhonePe) through Open Market Transactions (MAPMYINDIA), the original company of Mapmyindia, CE Info Systems (CE Info Systems), for 5 percent of the focus Decreased stake. PhonePe Walmart is a unit of controlled online retailer Flipkart.

Deal details
According to the bulk deals available on BSE, PhonePe Limited sold 27.21 lakh shares equal to five percent stake in CE Info Systems. The stocks were sold at an average price of Rs 1,786.22 per share, leading to the price of the transaction to Rs 486.03 crore. CE Info Systems shares lost 9.39 percent to Rs 1,768.75 per share on the BSE index after sales.

How much stake is left
After the transaction, PhonePe’s stake in CE Info Systems declined from 18.74 percent to 13.74 percent. Meanwhile, Motilal Oswal Mutual Fund (MF), ICICI Prudential MF and Tata MF collectively purchased 12.88 lakh shares or about 2.4 percent stake in CE Info Systems. The shares were purchased at an average price of Rs 1,785 per share, which led to the price of the joint deal to Rs 230 crore. The details of other buyers of CE Info Systems shares have not been found.

Results of CE Info Systems
Recently CE Info Systems has released the results of the fourth quarter of FY 25. This quarter recorded a 28 percent increase in net profit. The fourth quarter of FY 24 increased from ₹ 38.2 crore to ₹ 49 crore. Revenue from operations increased by 34 percent to ₹ 143.5 crore in the fourth quarter of financial year 25, which was ₹ 106.9 crore in the same period last year. The company’s total income for the quarter reached ₹ 166.7 crore, which shows an increase of ₹ 119.3 crore to 40 percent in the fourth quarter of FY 24.