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Cambridge Technology Enterprises informs about forfeiture of up-front money received against allotment

03 Jul 2021 Evaluate

With reference to its letter dated January 09, 2020 with respect to allotment of 33,60,000 Convertible Share Warrants on preferential basis to Worldwide Technology Investments, Singapore, Promoter Group, at an issue price of Rupees 31each with a right to the Warrant holder to apply for and get allotted 1 equity share of Rupees 10 each per Warrant within a period of 18 months from the date of allotment of Warrants. Cambridge Technology Enterprises has informed that a sum of Rupees 2,68,11,427.50, being 25% of the Upfront Warrant Subscription Amount, was received by the Company before allotment of the said 33,60,000 Warrants. The balance amount against the aforesaid warrants have not been received by the Company till July 02, 2021 (being 18 months from the date of allotment of warrants) and accordingly, pursuant to regulation 162 of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the said up-front subscription money received by the Company from the allottee Worldwide Technology Investments, Singapore stands forfeited.

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

Cambridge Tech Enter Share Price

30.44 -0.49 (-1.58%)
17-Apr-2026 16:59 View Price Chart
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