MapmyIndia shares plunge 14% in 2 days, hit 52 week low. Here's why

MapmyIndia share price: C.E. Info Systems (MapmyIndia) shares plunged 14% after CEO Rohan Verma announced plans to start a new B2C company and acquire a 10% stake in it. Verma will step down as CEO and become a non-executive director. The company will invest Rs 35 crore in the new venture.