Advanced Enzyme Technologies Limited (NSEI:ADVENZYMES) agreed to acquire additional 5.89% stake in Jc Biotech Private Limited for INR 56.1 million on February 10, 2024. Advanced Enzyme currently holds 89.83% stake in Jc Biotech and post completion of the transaction Advanced Enzyme will hold 95.72% stake in Jc Biotech. Jc Biotech reported turnover of INR 502 million and loss after tax of INR 18.42 million for FY2022-23.

Board of Advanced Enzyme approved the transaction. The transaction is expected to close on March 31, 2024.