Advanced Enzyme Technologies Limited increases stake in JCB to 85%

Advanced Enzyme Technologies Limited has completed the acquisition of additional stake of 15% in JC Biotech Private Limited, subsidiary ["JCB"] by way of purchase of 31,06,680 Equity Shares from few selling shareholders of JCB, for a consideration of Rs. 211.25 Million i.e. Rs. 68 per Equity Share. In view of this, the shareholding of the Company in JCB has increased from 70% to 85% of paid-up share capital of JCB.

Shares of Advanced Enzyme Technologies Limited was last trading in BSE at Rs. 377.25 as compared to the previous close of Rs. 370.45. The total number of shares traded during the day was 19917 in over 1290 trades.

The stock hit an intraday high of Rs. 379.5 and intraday low of 375.2. The net turnover during the day was Rs. 7512191.

Source : Equity Bulls

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