Stock Report

Advanced Enzyme Technologies Ltd updates on acquisition

Posted On : 2023-03-31 20:27:30( TIMEZONE : IST )

Advanced Enzyme Technologies Ltd updates on acquisition

The Board of Directors of Saiganesh Enzytech Solutions Private Limited, a 50% subsidiary ("Saiganesh") at its meeting held on March 31, 2023 has approved purchase of entire business undertaking of Shri Ganesh Industrial Enzymes (a partnership firm based in Burhanpur, Madhya Pradesh) ("Target Entity"), through a slump sale on a going concern basis for an amount not exceeding Rs. 9,000,000 (Rupees Nine million) and granted authority to enter into the Business Transfer Agreement and other requisite agreement with Target Entity.

Shares of Advanced Enzyme Technologies Limited was last trading in BSE at Rs. 231.65 as compared to the previous close of Rs. 238.90. The total number of shares traded during the day was 22021 in over 1378 trades.

The stock hit an intraday high of Rs. 244.00 and intraday low of 230.40. The net turnover during the day was Rs. 5182879.00.

Source : Equity Bulls


AdvancedEnzymeTechnologies INE837H01020 SaiganeshEnzytechSolutions Acquisition ShriGaneshIndustrialEnzymes