Mukka Proteins Limited has informed the Exchange about Acquisition
MUKKA · price
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Mukka Proteins' board has approved acquiring an additional 1,04,500 equity shares in Ocean Proteins Private Limited (OPPL) at face value of Rs. 100 per share, for a total cash consideration of Rs. 1.045 crore. This will increase Mukka's stake in OPPL from 40% to 51%, converting it from an associate company into a subsidiary. OPPL operates in the same business of manufacturing and exporting frozen fish, shrimp and surmi, with FY25 turnover of Rs. 50.70 crore but a small loss of Rs. 81.56 lakh. The deal is a related party transaction being done at arm's length, with completion targeted by July 31, 2025.
Deal size is small (~Rs. 1 crore) so limited direct financial impact, but it consolidates Mukka's control over OPPL and supports its strategy to expand the frozen fish business. Likely viewed as a positive, low-risk consolidation move by investors.