Advanced Enzyme Technologies Limited (BSE:540025) agreed to acquire additional 4.83% stake in JC Biotech Private Limited for INR 68 million on November 11, 2022. Advanced Enzyme Technologies Limited will acquire 1 million shares of JC Biotech Private Limited. JC Biotech Private Limited reported Turnover of INR 504 million and Net income of INR 73 million in year ending March 31, 2022. The transaction was approved by Advanced Enzyme Technologies Limited Board of directors. The transaction was expected to complete on January 31, 2023.

Advanced Enzyme Technologies Limited (BSE:540025) completed the acquisition of additional 4.83% stake in JC Biotech Private Limited on January 3, 2023.