Acquisitions21 Apr 2025, 10:33 pm
Mukka Proteins Ltd Completes Acquisition of GSM Marine Export for Rs. 14 Crores
AI Summary
Mukka Proteins Ltd has completed the acquisition of 51% stake in GSM Marine Export, a Partnership Firm, for a total amount not exceeding Rs. 14,00,00,000/- (Rupees Fourteen Crores Only) by way of capital contribution. GSM Marine Export is in the business of manufacturing of fish meal and fish oil and has a turnover of Rs. 32,35,16,908/- (FY 2023-24). This acquisition is not a related party transaction and is a part of the Company’s strategic investment plans to expand the core business.
Key Highlights
- Mukka Proteins Ltd completes acquisition of 51% stake in GSM Marine Export
- Total consideration of the acquisition is Rs. 14,00,00,000/- (Rupees Fourteen Crores Only)
- GSM Marine Export is in the business of manufacturing of fish meal and fish oil
- Acquisition is a part of Mukka Proteins Ltd’s strategic investment plans
- GSM Marine Export has a turnover of Rs. 32,35,16,908/- (FY 2023-24)