Divestment6 April 2026 at 03:51 pm
Cambridge Technology Enterprises Ltd Completes Divestment of Wholly Owned Subsidiary R.P. Web Apps Pvt. Ltd.
AI Summary
Cambridge Technology Enterprises Ltd has completed the divestment of 100% shareholding in its wholly owned subsidiary, R.P. Web Apps Pvt. Ltd., to AKIT IT Consulting Private Limited. The transaction, approved by the Board of Directors, involved the transfer of 60,880 equity shares of face value of Rs. 10/- each. Post-transaction, R.P. Web Apps Pvt. Ltd. has ceased to be a subsidiary of Cambridge Technology Enterprises Ltd.
Key Highlights
- Cambridge Technology Enterprises Ltd has completed the divestment of its wholly owned subsidiary, R.P. Web Apps Pvt. Ltd.
- The divestment involved the transfer of 100% shareholding to AKIT IT Consulting Private Limited.
- The transaction included 60,880 equity shares of face value of Rs. 10/- each.
- Post-transaction, R.P. Web Apps Pvt. Ltd. is no longer a subsidiary of Cambridge Technology Enterprises Ltd.
- The relevant disclosures as prescribed under the SEBI regulations have been filed.