Shares of CE Info Systems Ltd. rose 3%, reaching a day’s high of Rs 2,124.70 on 12th September after the company announced a partnership with Zoomcar.

Zoomcar stated that the partnership aims to simplify travel for Indians, allowing users to book a Zoomcar directly on the Mappls app. The app also offers unique features such as 3D junction views for navigating complex flyovers and junctions, along with real-time safety and speed alerts, speed breakers, and more.

Zoomcar added that Mappls offers an AI-powered travel platform, providing tailored travel solutions to users. These solutions range from destination selection and hotel bookings to detailed itinerary planning.

Rohan Verma, CEO & Executive Director of MapmyIndia, highlighted that the partnership with Zoomcar adds convenience and freedom for travellers, marking a key step in their mission to improve the travel experience. He expressed excitement about bringing more value to Mappls app users and expanding in travel technology.

On 26th June, a block deal worth Rs 142.60 crore in shares of CE Info Systems occurred, with promoter and managing director Rakesh Kumar Verma as the seller. Verma stated that the sale was for philanthropic purposes, and he does not plan to reduce his stake further.

Over the last year, the stock has gained 28.5%, slightly outperforming the Nifty 50 index’s 25% rise.

The company’s market capitalisation stands at Rs 11,328 crore.

At 10:49 AM, the shares of CE Info Systems were trading 1.81% higher at Rs 2,097 on NSE.

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