C.E. Info Systems Acquires 3500 CCPS in Iwayplus for INR 2 Crore
Filing Summary
C.E. Info Systems Ltd has approved an investment of INR 2 Crore in Iwayplus Private Limited through the acquisition of 3500 Compulsorily Convertible Preference Shares (CCPS). This transaction represents a 6.06% stake in Iwayplus on a fully diluted basis. The investment aligns with C.E. Info Systems’ strategic initiatives to support innovative technologies. The acquisition is expected to be completed within three months, with no governmental approvals required. Iwayplus specializes in indoor navigation technology, offering solutions such as digital indoor mapping and real-time navigation systems.
C.E. Info Systems Ltd has announced the acquisition of 3500 Compulsorily Convertible Preference Shares (CCPS) in Iwayplus Private Limited. The investment amounts to INR 2 Crore and represents a 6.06% stake in Iwayplus on a fully diluted basis. This decision was made during the Board of Directors meeting held on January 12, 2026. The acquisition is part of the company’s strategic initiatives to enhance its business portfolio by supporting innovative technologies.
The financial terms of the acquisition involve a cash consideration of INR 2 Crore. The investment will be executed in one or more tranches. The acquisition does not fall under related party transactions, and no promoter group or group companies have any interest in Iwayplus. The transaction is conducted at arm’s length, ensuring compliance with regulatory standards.
Iwayplus Private Limited is engaged in the development, deployment, and operation of technology solutions for indoor navigation and wayfinding. The company designs and provides digital indoor mapping solutions, indoor positioning systems, and location-based services. These services utilize proprietary software platforms, mobile applications, and integrated hardware technologies such as Bluetooth Low Energy (BLE) beacons and sensors. Iwayplus offers high-resolution 2D and 3D indoor maps, real-time indoor navigation systems, and accessibility-focused wayfinding solutions.
The acquisition does not require any governmental or regulatory approvals. The completion of the acquisition is anticipated within a three-month period. The investment aligns with C.E. Info Systems’ strategic goals to expand its technological capabilities and enhance its business offerings.
Iwayplus Private Limited was incorporated on December 26, 2022, and operates within India. The company reported a turnover of INR 0.19 Crore in FY 2024 and INR 0.76 Crore in FY 2025. The acquisition will enable C.E. Info Systems to leverage Iwayplus’s expertise in indoor navigation technology, potentially enhancing its service offerings in various sectors such as hospitals, academic campuses, airports, malls, IT parks, museums, zoos, and exhibition centers.
C.E. Info Systems Ltd, known for its digital mapping and geospatial services, continues to focus on expanding its technological capabilities and business portfolio. The company aims to integrate innovative technologies to enhance its service offerings and maintain its position in the market.