CTE Press Releases

Cambridge Technology Enterprises Limited IPO Over-Subscribed over 6 Times

Hyderabad, India: January 15, 2007 – Cambridge technology enterprises limited (CTEL) issue received a good response. The issue was oversubscribed over 6 times. CTEL entered the capital market with a public issue of 63,15,800 equity shares of Rs. 10/- each for cash at a price of Rs. 38 per equity share inclusive of premium aggregating Rs. 2400.00 lakhs and promoters contributed Rs. 858 lakhs in the issue. The net offer to the public was Rs 1540 lakhs which got over subscribed by over 6 times the issue closed on 9th January 2007.

Cambridge Technology Enterprises Limited (CTEL) a CMMi Level 5 company focused on providing leading edge Business solutions by leveraging emerging technology trends of Service Oriented Architecture (SOA) to US based midsized organizations entered the capital market with a public issue of 63, 15,800 equity shares of Rs. 10/- each for cash at a price of 38/- per share aggregating to Rs 2400 Lakhs through a FIXED PRICE issue.

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