C.E. Info Systems’ board has approved to make an investment of Rs 3 crore in the form of Equity Share(s) & Compulsorily Convertible Preference Shares (CCPS) in one or more tranches, to acquire 9.37% stake on fully diluted basis in SimDaaS Autonomy which is engaged in simulation-driven development for autonomous systems, including autonomous vehicles and advanced driver-assistance systems (ADAS).

The board also approved to make investment of Rs 2 crore in the form of Compulsorily Convertible Preference Shares (CCPS) in one or more tranches, to acquire 19.84% stake on fully diluted basis in Kaiinos Geo Spatial Technologies which is engaged in developing intelligent systems for strategy-making and execution for GIS Companies. 

The proposed investments are part of the company’s strategic initiatives to support innovative technologies and enhance the business portfolio of the company. The said transitions are expected to be completed before March 31, 2025. The Board of Directors of the company at its meeting held on November 29, 2024, has approved the same. 

C.E. Info Systems is India’s leading advanced digital maps and deep-tech Company, popularly known in India as MapmyIndia and globally as Mappls.