Cambridge Technology Enterprises has informed that the Board of Directors of the Company at its meeting held on November 05, 2014, has approved a transaction with smartShift Technologies Inc.(earlier known as Cambridge Technology Enterprises Inc.); smartShift Group Inc.; and smartShift Technologies Private Limited (SSTPL) (a WOS of SS). This transaction outlines to transfer certain assets and employees being moved to rolls of SSTPL on a continuity of service.
The above information is a part of company’s filings submitted to BSE