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Advanced Enzyme Technologies informs about updates on acquisition

31 Mar 2018 Evaluate

Further to intimation dated February 19, 2018 & March 14, 2018, Advanced Enzyme Technologies has informed that the Company has completed the acquisition of remaining 20% stake i.e. 50,000 equity shares of face value of MYR 1 each (Malaysia Ringgit) of Advanced Enzymes (Malaysia) Sdn. Bhd. (AEM), subsidiary. The said acquisition was made at face value for a total consideration of MYR 50,000 (equivalent to approximately Rs 867,800). In view of the above, AEM has become a wholly-owned subsidiary of the Company.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
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