Cambridge Technology Enterprises has completed acquisition of first tranche of securities (i.e., 80% of voting rights) of FA Software Services (FASSPL) as on March 20, 2023. Cost of acquisition is upto Rs 10.25 crore to clear liabilities of FASSPL and Rs 6 lakh to existing Shareholders of FASSPL.
Cambridge Technology Enterprises (CTEL) is a global technology services and outsourcing company dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.