Date:25/07/2006 URL: http://www.thehindu.com/2006/07/25/stories/2006072503261800.htm

Business - Briefly

Cambridge Tech's U.S. centre

HYDERABAD: Cambridge Technology Enterprises Ltd., a business transformational solutions provider, on Monday announced the setting up of a U.S. centre and another centre here to support its consultancy and services-oriented architecture-based services. Y. Ramesh Reddy, Chief Financial Officer, said the company planned to raise Rs. 30 crore to fund expansion. An amount of Rs. 24 crore will be raised by entering the capital market with a premium issue priced between Rs. 63 and Rs. 75, according to Krish Nangegadda, Director.