India, June 12 -- Fintech major PhonePe has offloaded a 5% stake in geotech major MapMyIndia via an open market transaction for INR 486.03 Cr.

As per BSE data, the digital payments major offloaded 27.21 Lakh shares of the geotech startup's parent CE Info Systems at INR 1,786.22 each. Following this, PhonePe's stake in MapMyIndia fell from 18.74% to 13.74%.

Of the total shares that flooded the market, more than 12.88 Lakh were lapped up by Motilal Oswal Mutual Fund, ICICI Prudential Mutual Fund and Tata Mutual Fund at INR 1,785 each.

While Motilal Oswal and ICICI Prudential picked up 4.2 Lakh shares each for a cumulative total of INR 150 Cr, Tata Mutual Fund acquired 4.48 Lakh shares for a sum of nearly INR 80 Cr.

Meanwhile, markets re...