Cambridge Technology Enterprises has completed acquisition of remaining equity shares (i.e., 20% of voting rights) of FA Software Services (FASSPL). The cost of acquisition or the price at which 20% of the shares are acquired is Rs 150,000. The company already holds 80% of shareholding of FASSPL.
Hence, the company has completed 100% acquisition of FASSPL and the same is Wholly Owned Subsidiary of the Company with effect from March 15, 2024.
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.
