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Cambridge Technology Enterprises Ltd. — M&A Activity 2024
Jan 29, 2024
61851_rns_2024-01-29_2a81b710-5681-4f89-8fae-3027b3f33661.pdf
M&A Activity
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January 29, 2024
To, Corporate Relationship Department, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001
To, The Listing Department, National Stock Exchange of India Ltd Exchange Plaza, Plot No/C/1, G Block Bandra Kurla Complex, Bandra (East), Mumbai – 400 051
Dear Sir/Madam,
Sub: Updates on Acquisition of Appshark Software, Inc. Ref: Regulation 30 of the Listing Regulations, BSE Scrip Code: 532801, NSE Code: CTE
This is with reference to our letters submitted to stock exchange(s) on June 23, 2023 & October 13, 2023 regarding acquisition of Appshark Software, Inc.
Please note that the Company has completed acquisition of 100% of shares/voting rights of Appshark Software, Inc on January 23, 2024. Please find below required details:
| S.No | Particulars | Company |
|---|---|---|
| i) | Cost of acquisition or the price at which100% of the shares are acquired | USD 4977648 (Rupees 42,16,01,842/-) |
| ii) | Percentage of shareholding / controlacquired and / or number of sharesacquired; | Acquired 100% of shareholding / 1,000,000 shares ofcommon stock of Appshark Software, Inc |
| iii) | Any other information (in brief) | Appshark Software, Inc is 100% wholly owned subsidiaryof the Companyw.e.f January23,2024. |
Thanking you,
Yours faithfully,
For Cambridge Technology Enterprises Limited
RAGHURAMA Digitally signed by RAGHURAMA SWAROOP SWAROOP DHARANI Date: 2024.01.29 19:26:46 DHARANI +05'30'
Dharani Raghurama Swaroop Whole – Time Director DIN: 00453250
Registered & Corporate Office: Cambridge Technology Enterprises Limited Bengaluru Mumbai Chennai Capital Park, 4[th] Floor, Unit No. 403B & 404, 91 Springboard Business Hub Pvt Ltd, 4th Level 4, A Wing, Dynasty Business AMARA SRI, situated at old No: Plot No. 1-98/4/1-13, 28 & 29, Survey No.72, Floor, #175 & #176, Dollars Colony, Phase 4, Park Andheri Kurla Road, Andheri 313, New No: 455, Block No: 75, Image Gardens Road, Madhapur, JP Nagar, Bannerghatta Main Road, (E) Mumbai - 400 059, 7th floor, Anna Salai Teynampet, Hyderabad - 500 081, Telangana, India. Bengaluru - 560 076, Karnataka, India. Maharashtra, India. Chennai 600018, Tamilnadu, Tel:+91-40-6723-4400 Tel: +91-80-4633-4400 Tel:+91-22-6786-9410 India Fax:+91-40-6723-6800 Fax:+91-80-4299-5779 Fax:+91-22-6786-9199 Tel: 040-6723-4400 Email id: [email protected] CIN: L72200TG1999PLC030997