Mukka Proteins guarantees Rs 73.58 cr loan for Oman subsidiary to HDFC Bank
MUKKA · price
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Board of Mukka Proteins on 9 Oct 2026 approved giving a corporate guarantee, Standby Letter of Credit (SBLC), and fixed deposit security worth up to Rs 73.58 crore for credit facilities to be availed by its Oman subsidiary United Gulf Fishery Products LLC from HDFC Bank. The guarantee will be a contingent liability for Mukka Proteins, though it has the right to recover from the subsidiary if invoked.
Subsidiary gets funding support from HDFC Bank, but Mukka Proteins takes on contingent liability of up to Rs 73.58 crore.