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Cambridge Technology Enterprises acquires balance 20% stake in FASSPL

16 Mar 2024 Evaluate

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.

Cambridge Tech Enter Share Price

30.16 -0.66 (-2.14%)
16-Apr-2026 11:06 View Price Chart
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