C E Info Systems offer more suited for long-term investors

ET Intelligence Group: CE Info Systems, which operates MapmyIndia, plans to raise upto Rs 1,040 crore through an offer for sale of existing shares. After the IPO, the promoter group’s stake will reduce to 53.7 per cent from 61.7 per cent. Investors such as Qualcomm will sell entire 5.1 per cent stake while Zenrin will reduce the stake to 6.2 per cent from 8.8 per cent. PhonePe India, which holds 19.2 per cent stake, will not participate in the