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C.E. Info Systems Limited — Capital/Financing Update 2024
Jan 19, 2024
59486_rns_2024-01-19_0da93a13-5e95-4354-a6f7-ccdc4ddb909d.pdf
Capital/Financing Update
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January 19, 2024
The Listing Department The Listing Department BSE Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalal Street Exchange Plaza Mumbai 400 001 Bandra Kurla Complex, Bandra (East) BSE SCRIP Code: 543425 Mumbai 400 051 NSE Symbol: MAPMYINDIA
Sub: Intimation pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 regarding new project won by CE Info Systems (MapmyIndia) worth ~Rs. 400 Crores (~USD 50 Million) for Hyundai and Kia Cars OEM Business in India
Dear Sir / Madam
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the Regulations), please find enclosed herewith details of new project won by CE Info Systems (MapmyIndia) worth ~Rs. 400 Crores (~USD 50 Million) for Hyundai and Kia Cars OEM Business in India
Bagging/Receiving of orders/contracts:
| a) | Name of the entity awarding the order(s)/contract(s) |
Hyundai AutoEver Corp., Seoul, Korea |
|
|---|---|---|---|
| b) | Significant terms and conditions of order(s)/contract(s) awarded in brief |
Licensing of CE Info (MapmyIndia) Map & Connected Services Contents including Real Time & Predictive Traffic, Mobile SDK, Online Search and Call Centre Maps, for Embedded Connected Navigation & Connected Car Services of Hyundai and Kia Cars OEM Business in India |
|
| c) | Whether order(s) / contract(s) have been awarded by domestic/ international entity |
International | |
| d) | Nature of order(s) / contract(s) | Automotive OEM Business Contract | |
| e) | Whether domestic or international | For Domestic (India) Market | |
| f) | Time period by which the order(s)/contract(s) is to be executed |
Start of Production in 2024, for next 5 years’ vehicle production |
|
| g) | Broad consideration or size of the order(s)/contract(s) |
~Rs 400 Cr (~USD 50 Million) | |
| h) | Whether the promoter/ promoter group / group companies have |
No interest | |
| any interest in the entity that awarded the order(s)/contract(s)? If yes, nature of interest and details thereof |
||
|---|---|---|
| i) | Whether the order(s)/contract(s) would fall within related party transactions? If yes, whether the same is done at“arm’s length”. |
Not a related party transaction |
You are requested to take the same on your records.
Thanking You
Yours faithfully, For C.E. Info Systems Limited
Saurabh Digitally signed by Saurabh Surendra Surendra Somani Date: 2024.01.19 Somani 11:44:01 +05'30' Saurabh Surendra Somani Company Secretary & Compliance Officer