Acquisitions10 Dec 2025, 05:21 pm
Mukka Proteins Ltd to Acquire 68% Stake in United Gulf Fishery Products LLC for OMR 34,000
AI Summary
Mukka Proteins Ltd has entered into a Share Transfer Agreement (STA) with Mr. Saif Salim Ahmed Al-Rawahi, shareholder of United Gulf Fishery Products LLC, for the acquisition of 68% stake in the investee company. The completion of the acquisition is subject to compliance with the Foreign Exchange Management (Overseas Investment) Regulations, 2022 or other regulations as may be notified by the Reserve Bank of India. The total consideration for the acquisition is OMR 34,000.
Key Highlights
- Mukka Proteins Ltd to acquire 68% stake in United Gulf Fishery Products LLC
- Total consideration for the acquisition is OMR 34,000
- Acquisition subject to compliance with Foreign Exchange Management (Overseas Investment) Regulations, 2022
- Share Transfer Agreement entered with Mr. Saif Salim Ahmed Al-Rawahi
- No related party transactions involved