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
  • 3idea is the fastest growing company in the space of..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2020
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • About Us: Hollywood’s Pizza & Grill is an upmarket casual dining..
    Locations looking for expansion Haryana
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Computer And ICT Services
    BBX is a solutions provider that helps businesses manage cash..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    We are a team of young talented dynamic cooks and..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities