Acquisitions12 Jan 2026, 02:58 pm
C.E. Info Systems Ltd. to Acquire 6.06% Stake in Iwayplus Private Limited for Rs. 2 Crore
AI Summary
C.E. Info Systems Ltd. has approved an investment of Rs. 2 Crore in the form of Compulsorily Convertible Preference Shares (CCPS) to acquire 6.06% stake in Iwayplus Private Limited. Iwayplus is an indoor navigation start-up that provides digital indoor mapping solutions, indoor positioning systems, and location-based services. The proposed investment is part of the company’s strategic initiatives to support innovative technologies and enhance its business portfolio.
Key Highlights
- C.E. Info Systems Ltd. to invest Rs. 2 Crore in Iwayplus Private Limited
- Investment to be made in the form of Compulsorily Convertible Preference Shares (CCPS)
- Iwayplus is an indoor navigation start-up
- Proposed investment is part of the company’s strategic initiatives to support innovative technologies
- Iwayplus provides digital indoor mapping solutions, indoor positioning systems, and location-based services