PhonePe Offloads 5% Stake In MapmyIndia For INR 486 Cr

As per BSE data, the digital payments major offloaded 27.21 Lakh shares of the geotech startup’s parent CE Info Systems at INR 1,786.22 each

More than 12.88 Lakh shares were lapped up by Motilal Oswal Mutual Fund, ICICI Prudential Mutual Fund and Tata Mutual Fund at INR 1,785 each

Markets reacted sharply to PhonePe’s partial exit, sending MapmyIndia stock down by 9.39% to close the day at INR 1,768.75 on the BSE on June 12

Fintech major PhonePe has offloaded a 5% stake in geotech major MapmyIndia via an open…