AET shares were trading 4.73 percent up at Rs 282.55 at 10.46 am on the National Stock Exchange. The stock has gained 6.39 percent in the last one year.
New York, June 27, 2023 (GLOBE NEWSWIRE) Market Overview: According to the DataM market research report, the Global Biofuel Enzymes Market reached US$ 1.1 billion in 2022 and is expected to reach US$ 1.8 billion by
Promoter entity Advanced Vital Enzymes Pvt Ltd has sold a partial stake in Advanced Enzyme Technologies through bulk deals. The promoter offloaded 2.28% of the company s equity shares, earning about Rs 68 crore. ICICI Prudential Mutual Fund also picked up a stake in the company. Advanced Enzyme Technologies is a leading Indian enzyme company engaged in research, development, manufacturing, and marketing. The company has state-of-the-art facilities across India, the US, and Europe. Its revenue from operations rose 5% and consolidated EBITDA increased 6% in the March quarter. The company is focusing on human nutrition, animal nutrition, and bio-processing divisions.