HomeNewsBusinessMarketsNalanda India buys 3.75% stake in Advanced Enzyme

Nalanda India buys 3.75% stake in Advanced Enzyme

Advanced Vital Enzymes sold 30 lakh equity shares in Advanced Enzyme at Rs 265 per share.

September 24, 2020 / 21:19 IST
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Nalanda India Equity Fund, which generally invests in midcap and smallcap companies, acquired a 3.75 percent equity stake in Advanced Enzyme Technologies via an open market transaction on September 24.

Advanced Enzymes is a research-driven company with global leadership in the manufacturing of enzymes and probiotics.

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Nalanda India Equity Fund has bought 41,90,491 equity shares in Advanced Enzyme Technologies (representing 3.75 percent of the total paid-up equity) at Rs 263.8 per share, the bulk deals data available on the National Stock Exchange showed.

However, Advanced Vital Enzymes sold 30 lakh equity shares in Advanced Enzyme at Rs 265 per share.