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MapMyIndia, Rohan Verma
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 Company Issues Clarification On Funding Of Rohan Verma B2C Spinoff Venture
MapMyIndia is one of the rising brands in the geo-location and web mapping platform scene. The company has attained a great deal of prominence with its B2B or business-to-business service, wherein it provides web mapping solutions to other major businesses.
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 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 to spin off B2C unit; CEO Rohan Verma to head new venture
MapMyIndia plans to separate its B2C division into a new entity, led by current CEO Rohan Verma. The new venture, in which MapMyIndia will retain a 10% stake, will focus on consumer products under the Mappls brand.
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 shares tumble 3% on plans to hive off B2C business into separate entity
MapMyIndia will sharpen its focus on its core B2B and B2B2C operations and spin off its B2C business into a new company.
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2h
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 ...
inc42
13h
Why Are Investors At Daggers Drawn With MapmyIndia?
MapmyIndia informed the bourses on Friday that its CEO Rohan Verma would be parting ways to fully focus on building a B2C ...
22h
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 ...
18h
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.
MediaNama
23h
“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 ...
18h
MapmyIndia Shelves Rs 35 Crore Investment Plan Amid Investor Concerns Over B2C Venture
MapmyIndia has decided to shelve its Rs 35 crore investment plan for a B2C venture, addressing investor concerns while ...
1d
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 ...
cnbctv18
1d
MapMyIndia parent shares fall below listing price after management clarifies on new investment
Shares of CE Info Systems are down 44% from their recent peak of ₹2,747 and have now declined below their listing price.
Hosted on MSN
22h
MapMyIndia's Growth Roadmap; Promoters To Sell Stake? | Mgmt Decodes B2C Venture | Business News
We delve into MapMyIndia's growth roadmap and explore the possibility of its promoters selling their stake. The management ...
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