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Cambridge Technology Enterprises informs about outcome of board meeting

09 Mar 2016 Evaluate

Cambridge Technology Enterprises has informed that the Board of Directors of the Company at its meeting held on March 09, 2016, has considered and approved the convening of Extra - Ordinary General Meeting of the Company on April 06, 2016 to obtain approval of Shareholders for the Scheme of Reduction of Capital of the Company to write off Goodwill and Accumulated Losses against the balance lying in securities premium account of the Company; and notice calling Extraordinary General Meeting of the Company. Further noted that the Scheme of Reduction of Capital does not involve reduction in the issued, subscribed, paid up share capital of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
TCS 2079.30
Infosys 1035.00
HCL Technologies 1246.00
Wipro 159.50
Tech Mahindra 1539.00
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