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Cambridge Technology Enterprises Limited ( (IN:CTE) ) just unveiled an announcement.
Cambridge Technology Enterprises Limited has completed the divestment of its entire 100% equity stake in R.P. Web Apps Private Limited, a wholly owned subsidiary. The 60,880 shares, each with a face value of Rs. 10, have been transferred to AKIT IT Consulting Private Limited, effective April 6, 2026.
Following the transaction, R.P. Web Apps Private Limited has ceased to be a wholly owned subsidiary of Cambridge Technology Enterprises. The move aligns with board approval granted on March 30, 2026, and reflects the company’s ongoing portfolio reshaping and restructuring of its subsidiary holdings.
More about Cambridge Technology Enterprises Limited
Cambridge Technology Enterprises Limited is an Indian IT and technology services company headquartered in Hyderabad, with additional offices in Bengaluru, Mumbai and Chennai. The company provides enterprise technology solutions and consulting services, catering to corporate clients through its presence across key business hubs in India.
Average Trading Volume: 6,361
Technical Sentiment Signal: Sell
Current Market Cap: 486.8M INR
For a thorough assessment of CTE stock, go to TipRanks’ Stock Analysis page.