Advanced Enzyme Technologies’ wholly owned subsidiary -- Advanced Enzymes USA (AEU) has received approval from Board of Directors for formation of a new corporation in California (US) to be named as Starya Labs, Inc.
Cal-India Foods International, USA (SEB), a step-down wholly owned subsidiary of the company 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 aggregate value of the assets including any liabilities, contracts, intellectual property and personnel to be transferred by SEB to Starya Labs, shall not exceed $500,000. The said new corporation, Starya Labs will be a wholly owned subsidiary of AEU and accordingly will be a step-down wholly owned subsidiary of the company. The said transaction is expected to be completed by March 31, 2025.
Advanced Enzyme Technologies is a fully integrated enzyme manufacturing company driven by extensive focus on research and development (R&D) of various enzymes, enzyme blends, enzyme products and customized enzyme solutions.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1668.00 |
| Dr. Reddys Lab | 1232.25 |
| Cipla | 1228.90 |
| Zydus Lifesciences | 936.35 |
| Lupin | 2328.60 |
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