Advanced Enzyme Technologies has completed its acquisition of Palm Techno Ventures Enzyme (PTVE), Malaysia by way of investment of RM 200,000 (Malaysian Ringgit) in 200,000 ordinary shares of RM 1.00 each of PTVE i.e. 80% of paid-up share capital of PTVE. PTVE has allotted its afore-mentioned ordinary shares to the company and accordingly PTVE has become a subsidiary of the company.
Advanced Enzyme Technologies is an India based company engaged in research, development, manufacturing and marketing of Healthcare, Nutrition and Bio-Processing products.