Mukka Proteins to acquire 68% stake in United Gulf Fishery Products LLC
Mukka Proteins to acquire 68% stake in United Gulf Fishery Products LLC for ₹1 crore to expand its business in the Middle East, expecting completion by 31 March 2026.
The acquisition is for a small amount (₹1 crore) but it helps the company expand its business in the Middle East.
The acquisition is part of the company's strategic investment plans to expand its business in the Middle East.
* Mukka Proteins Limited will make a strategic investment in United Gulf Fishery Products LLC by acquiring shares. * The investment will not exceed ₹1 crore, equivalent to 68% of the investee company's capital. * The acquisition is part of the company's strategic investment plans to expand its business in the Middle East. * Mukka Proteins is considering a future merger of the acquired entity with another group company to achieve operational efficiencies. * The acquisition is expected to be completed by 31 March 2026. * United Gulf Fishery Products LLC is in the business of manufacturing and trading fish, seafood, and animal feed products, incorporated on 18 November 2016, with its presence in Oman.
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Mukka Proteins Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Mukka Proteins Limited. Read the original for the full detail.