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The latest announcement is out from Cambridge Technology Enterprises Limited ( (IN:CTE) ).
Cambridge Technology Enterprises’ board has approved the divestment of its entire shareholding in two wholly owned subsidiaries, R.P. Web Apps Private Limited and CTE Technology Solutions Private Limited, which will cease to be subsidiaries upon completion of the transfers. The board also recorded the cessation of Manager and key managerial personnel Sreenivasa Sastry Tumuluru, and approved a postal ballot process to obtain shareholder approval for the appointment of Whole-Time Director Raj Kumar Sehgal in line with company law requirements.
More about Cambridge Technology Enterprises Limited
Cambridge Technology Enterprises Limited is an Indian information technology company headquartered in Hyderabad, with additional offices in Bengaluru, Mumbai and Chennai. The company operates in the technology and software services space, serving enterprise clients through its various subsidiaries and business units.
Average Trading Volume: 5,658
Technical Sentiment Signal: Sell
Current Market Cap: 445.4M INR
For detailed information about CTE stock, go to TipRanks’ Stock Analysis page.