MoneyWorks4Me

Cambridge Technology Enterprises completes acquisition of first tranche of securities in FASSPL

21 Mar 2023 Evaluate

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.

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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