Advanced Enzyme Technologies Limited — Updates, 25-07-2025: Incorporation
25-07-2025 | 05:33 pm
25-07-2025 | 05:33 pm
Advanced Enzyme Technologies' 95.72% subsidiary, JC Biotech Private Limited, has approved an investment in a Special Purpose Vehicle (SPV) for a group captive solar power project. This strategic collaboration with Raywatt Solar Power Systems Private Limited involves JC Biotech acquiring a 26% equity stake in the new SPV, with an investment up to ₹1 crore. The move is aimed at securing sustainable and cost-effective solar power for the subsidiary's plant in Ongole, Andhra Pradesh, enhancing long-term operational efficiency. Completion is anticipated by March 31, 2026.
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