New Delhi, June 12 -- MapmyIndia parent company CE Info Systems share price fell as much as 7% in Thursday's trading session to Rs.1,804.80 per share after the reports circulated of major block deal.

According to CNBC-TV18 report, total of 28.6 lakh shares, representing 5.3 per cent of the company's equity, were traded at a price of Rs.1,813.7 per share. Digital payments giant PhonePe Pvt. Ltd. launched a block deal to offload a 5 per cent stake in CE Info Systems Ltd., the parent company of MapMyIndia, for Rs.476.2 crore.

The deal is reportedly priced at Rs.1,750 per share, reflecting a 10.4% discount to CE Infosystems' most recent closing price, according to sources.

As of the March quarter, PhonePe owned an 18.7 per cent stake in Ma...