Advanced Enzyme Technologies has informed that the Board of Directors of Advanced Enzymes USA (‘AEU’), a wholly owned subsidiary of the Company has accorded its approval for formation of a new corporation in California (US) to be named as Starya Labs, Inc (‘Starya Labs’). Cal-India Foods International USA, a step-down wholly owned subsidiary of the Company (‘SEB’) to spin-off and transfer its enzyme/probiotic laboratory testing services (‘SEB Lab’) together with certain assets and liabilities related to the said SEB Lab into Starya Labs. The said new corporation, Starya Labs will be a wholly owned subsidiary of AEU. With reference to the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, the details are provided in the Annexure to this letter.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1672.45 |
| Dr. Reddys Lab | 1223.65 |
| Cipla | 1230.25 |
| Zydus Lifesciences | 929.45 |
| Lupin | 2335.00 |
| View more.. | |
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