AGD Nutrition LLC renamed as Fermenta USA LLC

In continuation of the acquisition of a majority stake in AGD Nutrition LLC (AGD) by Fermenta Biotech USA LLC (FBU), a wholly owned subsidiary of Fermenta Biotech Limited (FBL), the acquired entity has been renamed as Fermenta USA LLC. The new name is reflective of the brand value of Fermenta and expected to capitalize on Fermenta's recognition as a nutritional ingredients' supplier by consumers in the US market. Fermenta USA LLC is expected to add value to FBL's business through its presence in the US, one of the largest markets for human and animal nutrition.

Shares of Fermenta Biotech Limited. was last trading in BSE at Rs.335 as compared to the previous close of Rs. 338.45. The total number of shares traded during the day was 22796 in over 448 trades.

The stock hit an intraday high of Rs. 347 and intraday low of 333.1. The net turnover during the day was Rs. 7700275.

Source : Equity Bulls

Keywords