It is hereby informed that the divestment of 100% shareholding in CTE Technology Solutions Pvt Ltd (formerly known as CTE Web Apps Pvt Ltd.) a wholly owned subsidiary of the company as ....
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Cambridge Technology Enterprises has completed the divestment of its 100% equity stake in CTE Technology Solutions Private Limited (formerly CTE Web Apps Private Limited), a wholly owned subsidiary. The Board had approved this disinvestment on March 30, 2026. The sale involved 10,000 equity shares with face value of Rs. 10 each, transferred to Bizserve Technology Investments Pte Limited. The transaction was completed on May 21, 2026, following which CTE Technology Solutions Private Limited has ceased to be a subsidiary of the company.
The divestment reduces the company's subsidiary portfolio and may impact future revenue if the sold subsidiary was a significant contributor. Shareholders should monitor for any impact on consolidated financials.