Advanced Enzyme Technologies Ltd. (AETL) is acquiring JC Biotech for Rs 50 crore and 70% stake. JC Biotech’s last year financials – INR 39 crores turnover; low margins [INR 2.5 crores; 6-7% PAT (profit-after-tax)].
CYP76f14 breaks down monoterpenol linalool into (E)-8-carboxylinalool, that later converts into wine lactone, responsible for pleasing alluring aroma of aged wine.
Increase in people’s lifespan, food requirement and quality health makes Biotech very important industry…….
Price control & compulsory Licensing of Bt Cotton seeds – adversely impacts growth of GM seeds industry (ICRA opines)
Cottonseed Price (Control) Order, 2015, aims to notify the maximum selling price for Bt Cottonseed along with the trait-value. Licensing & Formats for GM Technology Agreement Guidelines, 2016, if implemented, will require the technology providers to compulsorily give license to all applicants…..