Cambridge Technology Enterprises Completes Divestment of 100% Stake in CTE Technology Solutions
Cambridge Technology Enterprises Limited announced the completion of the divestment of its entire equity shareholding in CTE Technology Solutions Private Limited. The subsidiary, formerly known as CTE Web Apps Private Limited, is no longer a wholly owned subsidiary of the company following the transaction.The Company initially held 100% equity shareholding in CTE Technology Solutions Private Limited. The Board of Directors of Cambridge Technology Enterprises Limited approved the divestment of this entire stake during a meeting held on March 30, 2026.
According to the details provided, the Company held 10,000 Equity shares in the subsidiary, each having a face value of Rs. 10/-.
The equity shareholding was successfully transferred to Bizserve Technology Investments Pte Limited on May 21, 2026. With the completion of this transaction, CTE Technology Solutions Private Limited has ceased to be a wholly owned subsidiary of Cambridge Technology Enterprises Limited.
CTE Stock Price Movement
Today, Cambridge Technology Enterprises Limited shares gained 3.80% to close at ₹31.89. Trading saw the stock move within a day range of ₹30.6 to ₹32.35, on a total volume of 7,742 shares.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.
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