Advanced Enzyme Technologies Invests Additional INR2.5 Million in Wholly-Owned Subsidiary
MT Newswires Live
Jun 08
Advanced Enzyme Technologies (NSE:ADVENZYMES, BOM:540025) has made an additional investment of 2.5 million Indian rupees in its wholly-owned subsidiary, of the company Advanced Nutrazyme, according to a Saturday filing to the Indian stock exchanges.
The enzymes manufacturer's shares were up nearly 1% in early trade on Monday.
The investment was made by subscribing to Advanced Nutrazyme's rights issue of 250,000 equity shares of 10 rupees each.
With this, the company's investment in the subsidiary has increased to 3 million rupees, amounting to 300,000 equity shares of 10 rupees each.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.