• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Hyderabad, Oct. 10

Cambridge Technology Enterprises Ltd is set to increase its authorised capital from Rs 20 crore to Rs 30 crore by creation of additional shares. This move is part of the company’s effort to offer fresh equity to part-fund its expansion-cum-acquisitions plans. Following the AGM held recently, the company has decided to grant stock options and has passed an enabling resolution to offer convertible warrants or shares or convertible bonds to raise additional funds. The c ompany has also approved an enabling resolution to borrow up to Rs 200 crore. The board has been authorised to invest $3 million (about Rs 12 crore) to acquire the remaining stake in Reilly & Associates Inc, which the company acquired earlier this year. — Our Bureau

More Stories on : Software | Corporate Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Google now on mobile!

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line