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Cambridge Technology acquires 100% stake in Appshark Software, Inc

30 Jan 2024 Evaluate

Cambridge Technology Enterprises has completed acquisition of 100% of shares/voting rights of Appshark Software, Inc on January 23, 2024. With this, Appshark Software, Inc is 100% wholly owned subsidiary of the company with effect from January 23, 2024. Cost of acquisition is Rs 42.16 crore. The proposed acquisition is in line with the long-term outlook of the company in venturing in the IT space across geographical areas.

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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