Cambridge Technology touches roof on incorporating wholly owned subsidiary
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Cambridge Technology Enterprises is currently trading at upper limit of Rs. 101.16, up by 4.81 points or 4.99% from its previous closing of Rs. 96.35 on the BSE.
The scrip opened at Rs. 101.16 and has touched a high and low of Rs. 101.16 and Rs. 101.16 respectively. So far 64 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. 51.75 on 02-May-2023.
Last one week high and low of the scrip stood at Rs. 101.16 and Rs. 90.27 respectively. The current market cap of the company is Rs. 198.59 crore.
The promoters holding in the company stood at 46.91% while Institutions and Non-Institutions held 0.10% and 52.99% respectively.
Cambridge Technology Enterprises has received approval from Ministry of Corporate Affairs for incorporation of wholly owned subsidiary (WOS) in the name of N2T1 AI Solutions. N2T1 AI Solutions is incorporated on April 28, 2024 and is yet to commence business operations. The said WOS company is incorporated in India will be carrying the business related to information technology, artificial intelligence and other technologies related services and the same is not outside the main line of business of the company.
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.
