Advanced Enzyme Technologies has completed the further investment in Advanced Enzymes Europe B.V., (AEE) -- Wholly Owned Subsidiary of company through an acquisition of new issue of 3,623,163 Equity Shares of AEE, for a consideration of Rs 47.82 crore. AEE continues to be the wholly owned subsidiary of the Company and there is no change in the percentage shareholding (100%) of the Company in AEE pursuant to said further investment.
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.