Hotline: 1800 102 2007
Hotline: 1800 102 2007
May, 09 2018

Advanced Enzyme promoters raise structured debt from Avendus

Advanced Enzyme’s consolidated revenue from operations stood at Rs 108.2 crore and its net profit was Rs 26.5 crore for the quarter ended December 31 2017.

Advanced Enzyme promoters raise structured debt from Avendus

Avendus Finance Pvt. Ltd, the credit solutions arm of investment banking firm Avendus Capital has provided structured debt worth Rs 108 crore (around $16 million) to the promoters of enzyme manufacturer Advanced Enzyme Technologies Ltd, the company said in a statement.

Advanced Enzyme provides enzyme-based solutions for a variety of industries including pharmaceutical, nutraceutical, animal nutrition and food processing.

Its clients include pharmaceutical companies in India and several firms in the nutraceutical and human nutrition segment across the globe.

The company has seven manufacturing facilities across India and US. It has seven research and development centres spread across India, US, and Germany.

Advanced Enzyme’s consolidated revenue from operations stood at Rs 108.2 crore and its net profit was Rs 26.5 crore for the quarter ended December 31, 2017.

Last year, the firm acquired German industrial biotech company Evoxx Technologies GmbH for 7.65 million euros (Rs 57.4 crore) in cash.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Womens Wear
    About Us: Women fashion is the fastest growing sector, our stores..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: Living Healthy 24, a venture of Kolkata-based Culmination Healthcare..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater kolkata West bengal
  • Quick Service Restaurants
    About Us: Started in the year 1999 with great passion and..
    Locations looking for expansion Tamil nadu
    Establishment year 1999
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Quick Service Restaurants
    WOKHEIwasestablishedbyKotianBrothers(Prasad,Hari&Vinayak)in2008. •WokHeihasbeenthemostpopu..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2020
    Investment size Rs. 20lac - 30lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities