Shares of an CE Info Systems Ltd., known as MapmyIndia, jumped after the company said it is reversing an earlier plan to carve out its consumer business.

CE Info Systems , the parent firm of digital maps provider MapmyIndia, said on Monday that it has scrapped plans to invest in a company being set up by its outgoing CEO after receiving investor feedback,

MapMyIndia CEO Rohan Verma will personally fund a new B2C venture, addressing minority investor concerns about the initial plan. While MapMyIndia reta

MapmyIndia powers Apple Inc's maps in the country and garners 99 per cent of its revenue from providing map-related services to other businesses

MapMyIndia's Board of Directors scrapped the decision to invest ₹35 crore in exchange of 10 per cent stake in outgoing CEO Rohan Verma's new business venture, on Monday. Shares were trading higher on December 9.