Cambridge Technology OKs plan to issue up to Rs. 5 billion in convertibles

By Devika Patel

Knoxville, Tenn., Oct. 10 - Cambridge Technology Enterprises Ltd. notified the Bombay Stock Exchange that it approved a proposal to issue up to Rs. 5 billion in convertibles at an annual general meeting held on Sept. 29.

Securities may include Global Depositary Receipts, American Depositary Receipts, qualified institutional placements, foreign currency convertible bonds, equity shares or any other financial instruments or securities convertible into equity shares.

Cambridge Technology is a Hyderabad, India, business solutions provider.

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