C. E. Info Systems Limited (NSEI:MAPMYINDIA) agreed to acquire 26.37% stake in Kogo Tech Labs Private Limited for INR 100 million on September 14, 2022. Acquisition of 26.37% stake, with an option to raise the stake to 50% within a period of 2 years. The consideration to be paid in cash. Turnover of FY 2022 is INR 3.7 million. The acquirer Board has considered and approved Acquisition. The transaction is estimated to be complete with in 7days.

C. E. Info Systems Limited (NSEI:MAPMYINDIA) completed the acquisition of 26.37% stake in Kogo Tech Labs Private Limited on September 19, 2022.