Cambridge Solutions to raise $40 million

Cambridge Solutions plans to raise up to $40 million, including green shoe option of $10 million, either through American depositary receipts, global depositary receipts, or foreign currency convertible bonds on a preferential basis.

MUMBAI: Cambridge Solutions plans to raise up to $40 million, including green shoe option of $10 million, either through American depositary receipts, global depositary receipts, or foreign currency convertible bonds on a preferential basis.

Meanwhile, Cambridge Integrated Services India will be merged with Cambridge Solutions, instead of the de-merger of the ITES undertaking.

At 11:16 am, Cambridge Solution shares were up 2.45 per cent at Rs 90 on BSE.
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