Mukka Proteins Limited has informed the Exchange about update on Acquisition
MUKKA · price
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Mukka Proteins has informed the exchanges about a delay in its previously announced acquisition of 1,04,500 equity shares (face value Rs. 100 each) of Ocean Proteins Private Limited (OPPL), an associate company. The acquisition, originally disclosed on 15th May 2025 with an expected completion date of 31st July 2025, has now been pushed to 31st December 2025 due to procedural issues. The company has stated that all necessary steps are being taken to address the delays and the share transfer will be completed in due course.
This is a procedural delay and not a cancellation of the deal, so the long-term strategic intent remains intact. For shareholders, the immediate impact is minimal, though any repeated delays in execution could raise minor concerns about management's deal-closure efficiency.