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The board of directors of Advanced Enzyme Technologies will meet on Saturday (August 5) to consider fund-raising plans by way of qualified institutional placement. Investors will eye the amount the company plans to raise through the QIP.
Besides the quantum, the number of shares to be issued, the issue price and the schedule of QIP will also attract investor attention. In 2016, the IPO of the company had drawn a whopping response; the issue was subscribed 115 times.
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