As per the company's board, Verma will take charge of the new venture after relinquishing his responsibilities at CE Info Systems. However, he will continue to be on the board of CE Info Systems.
The decision comes after concerns were raised on the investment plan approved by the firm's board on November 29. "To allay the concerns of minority shareholders, the new company shall not take MapmyIndia's CCD investment. MapmyIndia will still get a 10% equity stake in the new company," Verma said on Tuesday.
The proposed entity will house a retail version of the company's Mappls app.
Denne historien er fra December 04, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 04, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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