Cambridge Technology Completes Divestment of 100% Shareholding in R.P. Web Apps Private Limited
Cambridge Technology Enterprises Limited announced the completion of the divestment of its entire equity shareholding in R.P. Web Apps Private Limited, a wholly owned subsidiary of the company. The transaction was approved by the Board of Directors of the Company during its meeting held on March 30, 2026.The Board of Directors of Cambridge Technology Enterprises Limited approved the disinvestment of the entire equity shareholding held by the Company in R.P. Web Apps Private Limited to AKIT IT Consulting Private Limited.
The transaction involved the transfer of 60,880 Equity shares, each having a face value of Rs. 10/-. The transfer of these shares to AKIT IT Consulting Private Limited was finalized on April 06, 2026. Following the completion of this transaction, R.P. Web Apps Private Limited ceased to be a wholly owned subsidiary of Cambridge Technology Enterprises Limited.
The company held 100% equity shareholding in R.P. Web Apps Private Limited prior to the divestment. The details of the finalized transaction are summarized below:
| Subsidiary Name | Shareholding Status | Shares Transferred | Face Value Per Share | Acquiring Entity | Completion Date |
|---|---|---|---|---|---|
| R.P. Web Apps Private Limited | 100% Equity Shareholding | 60,880 | Rs. 10/- | AKIT IT Consulting Private Limited | April 06, 2026 |
CTE Stock Price Movement
Cambridge Technology Enterprises are surged today by 9.96% to ₹27.15. The stock managed to ride an intraday range between ₹24.8 and ₹27.15 on moderately low volume.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.