Acquisitions12 Nov 2025, 07:02 pm
Mukka Proteins Ltd. to Acquire 68% Stake in United Gulf Fishery Products LLC for Rs. 1,00,00,000
AI Summary
Mukka Proteins Ltd. has approved a strategic investment in United Gulf Fishery Products LLC by acquiring and/or subscribing to the shares for an amount not exceeding Rs. 1,00,00,000, which is equivalent to 68% of the capital of the Investee Company. The acquisition is part of the Company’s strategic investment plans to expand its business in the Middle East by leveraging the acquired entity’s local presence and expertise. The Company is also evaluating a future merger of this entity with another Group company to achieve operational efficiencies and business synergies.
Key Highlights
- Mukka Proteins Ltd. to acquire 68% stake in United Gulf Fishery Products LLC
- Investment amount not exceeding Rs. 1,00,00,000
- Acquisition to expand Company’s business in the Middle East
- Potential future merger with another Group company for operational efficiencies and business synergies
- Target entity is in the business of manufacturing and trading of fish and other seafood products and animal feed products