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Cambridge Technology Enterprises is currently trading at at Rs. 91.45, up by 2.90 points or 3.27% from its previous closing of Rs. 88.55 on the BSE.

The scrip opened at Rs. 91.40 and has touched a high and low of Rs. 91.45 and Rs. 91.40 respectively. So far 500 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 128.80 on 07-Mar-2024 and a 52 week low of Rs. 46.00 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 94.15 and Rs. 86.50 respectively. The current market cap of the company is Rs. 179.13 crore.

The promoters holding in the company stood at 46.91%, while Institutions and Non-Institutions held 0.05% and 53.04% respectively.

Cambridge Technology Enterprises’ wholly owned subsidiary -- CTE Web Apps is all set to acquire 100% shares of ‘CBIZ Information Technology L.L.C’, Dubai, subject to completion of closing conditions, by way of cash consideration of 3000 UAE Dirhams subject to closing adjustments. This entity is being acquired with a view to sell services in U.A.E through a registered entity in there. Target market is mostly companies/individuals from Dubai & Ras Al-Khaimah. Indicative time period for completion of the acquisition is by June 30, 2024 (subject to requisite approvals and closing conditions).

CBIZ Information Technology LLC is a Limited Liability Company registered with Dubai Department of Economy and Tourism and is engaged in Education & Training Computer Software, Information Technology Network Service, WebDesign, Marketing Services Via Social Media Computer Systems & Communication Equipment, Software Design activities. 

Cambridge Technology Enterprises (CTEL) is a global technology services and outsourcing company dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.