MapMyIndia CEO Rohan Verma to step down, float new venture

MapMyIndia CEO Rohan Verma's new venture is not getting funding from his old company after shareholders protest
MapMyIndia CEO Rohan Verma will personally fund a new B2C venture, addressing minority investor concerns about the initial plan. While MapMyIndia retains a 10% stake, Verma ensures the venture's benefits will accrue to the parent company.
MapMyIndia shares rise after CEO Rohan Verma clarifies THIS about his upcoming B2C venture
MapMyIndia shares gained over 3% on December 4 after CEO Rohan Verma chose to personally fund the company’s B2C venture, responding to concerns from minority investors. This came after a 12% drop in the stock over two days,
MapmyIndia slips 12% in 2 days as Rohan Verma exits as CEO to float new co
Rohan Verma's departure as CEO to set up a new venture could create a leadership vacuum, according to analysts
MapMyIndia Will Not Invest In Rohan Verma's Upcoming B2C Venture: Chairman Rakesh Verma
MapMyIndia’s parent firm, CE Info Systems Ltd., is not going to invest Rs 35 crore, in its outgoing Chief Executive Officer and Executive Director Rohan Verma’s new consumer focused venture, said Co-founder and Chairman Rakesh Verma said. The board has approved the fund infusion for this purpose earlier.
MapmyIndia Shelves Rs 35 Crore B2C Investment Plan Following Investor Pushback
The decision comes after concerns were raised on the investment plan approved by the company's board on November 29.
MapMyIndia shares fall on plans to buy 10% stake in B2C company floated by former CEO
MapmyIndia's former CEO and Executive Director Rohan Verma will hold a 90% stake in the new company while the balance 10% will be with MapmyIndia.
MapMyIndia CEO Rohan Verma to step down, float new venture: 6 key things investors should know
As Bengaluru-based MapMyIndia's CEO Rohan Verma steps down to pursue a new B2C venture, take a look at the details of the plan, disclosures, regulatory requirements, and key aspects investors should know.
MapmyIndia will not invest Rs 35 crore in new B2C venture: outgoing CEO Rohan Verma
The chief executive officer (CEO) said that although MapmyIndia's board approved the investment, it will not take place due to the concerns of the minority investors. Instead, Verma will be using his own funds to run the venture.
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Beyond the Rs 35 crore: Why MapmyIndia's governance crisis won't end here
MapmyIndia’s rationale behind separating the B2C business has not found favourable footing among investors Analysts suggest ...
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“Why not keep the B2C brand in-house?” Shareholders Grill MapMyIndia On its Decision on Asset Transfer of its consumer Business
As part of the deal, Rohan Verma will retain a 90% stake in the new venture, while MapmyIndia will hold a 10% stake. The ...
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MapMyIndia move to shift B2C biz to founder's son kicks up a storm
MapMyIndia will transfer its Mappls Mall and Travel app for hotel and flight booking to the new company headed by the founder ...
MapMyIndia shares continue to face investors' ire, down over 5% after B2C business hived off to founder's son
The new venture will be run by Rohan Verma, the current CEO and Executive Director at MapMyIndia (CE Info Systems), with the ...
Here's why shares of MapmyIndia operator C.E. Info Systems slipped 4% today
C.E. Info Systems, also known as MapmyIndia, shares slipped 4 per cent in Monday's trade on BSE and logged an intraday low at ...