Shares of CE Info Systems Ltd soared 3% on 8 June after the company announced increasing its stake in a key subsidiary and entered the rapidly evolving quick-commerce industry through a large stake acquisition.

The company’s board has approved to invest approximately Rs 25 crores to purchase 43,759 equity shares of its subsidiary, GTropy Systems, for Rs 5,713 per share. With this transaction, the company’s ownership of Gtropy Systems will rise from 75.98% to 96%. Furthermore, the corporation retains the option to acquire the remaining 4% ownership over the next four years.

In a separate move, the board approved a Rs 25 crore investment to acquire 75.19 lakh Compulsorily Convertible Preference Shares in quick-commerce firm Zepto at Rs 33.25 per share. The company aims to strengthen its presence and solutions in the rapidly expanding quick-commerce sector through this strategic investment.

Over the last three years, the company has achieved a profit CAGR of 26%, a sales CAGR of 32%, and a 3-year ROE CAGR of 19%, indicating significant medium-term development and profitability. 

At 2:05 pm, the shares of CE Info Systems were trading 1.56% higher at Rs 1,779.20 on NSE. 

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