StockWatch
·
Computers - Software & Consulting
Divestment22 May 2026, 05:32 pm

Cambridge Technology Divests 100% Stake in CTE Technology Solutions

AI Summary

Cambridge Technology Enterprises Ltd. has completed the divestment of its 100% shareholding in CTE Technology Solutions Private Limited (formerly CTE Web Apps Private Limited) to Bizserve Technology Investments Pte Limited. The transaction, approved by the Board of Directors on March 30, 2026, involved the transfer of 10,000 equity shares with a face value of ₹10 each. Following the completion of this divestment on May 215, 2026, CTE Technology Solutions Private Limited has ceased to be a wholly-owned subsidiary of Cambridge Technology Enterprises Limited.

Key Highlights

  • Cambridge Technology divests 100% stake in CTE Technology Solutions Pvt Ltd.
  • Divestment approved by the Board on March 30, 2026.
  • 10,000 equity shares transferred to Bizserve Technology Investments Pte Ltd.
  • CTE Technology Solutions ceases to be a subsidiary post-transaction on May 215, 2026.