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.
