Advanced Enzyme Technologies rises on acquiring 50% stake in Saiganesh Enzytech Solutions
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Advanced Enzyme Technologies is currently trading at Rs. 291.10, up by 6.25 points or 2.19% from its previous closing of Rs. 284.85 on the BSE.
The scrip opened at Rs. 290.00 and has touched a high and low of Rs. 294.00 and Rs. 288.95 respectively. So far 5443 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 355.15 on 04-Feb-2022 and a 52 week low of Rs. 257.00 on 25-Feb-2022.
Last one week high and low of the scrip stood at Rs. 305.00 and Rs. 274.00 respectively. The current market cap of the company is Rs. 3251.79 crore.
The promoters holding in the company stood at 49.87%, while Institutions and Non-Institutions held 27.28% and 22.85% respectively.
Advanced Enzyme Technologies has completed the acquisition of 50% stake in Saiganesh Enzytech Solutions (SESPL) by way of subscription to the issue of 19,991,663 Equity shares of SESPL on private placement/preferential issue basis, at a total consideration of Rs. 5.99 crore.
SESPL is primarily into extracting Latex from papaya, purifying and providing finish papain enzyme in liquid form (agriculture extraction of Papain enzyme).
Advanced Enzyme Technologies is a research driven company with global leadership in manufacturing of enzymes and probiotics. It is the largest Indian enzyme company engaged in the research and development, manufacturing and marketing of vast proprietary products developed from many indigenous enzymes & probiotics.
