Mukka Proteins Limited has informed the Exchange about update on Acquisition
MUKKA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mukka Proteins Limited has informed the exchanges that its previously announced acquisition of FABBCO Bio Cycle and Bio Protein Technology Private Limited has been delayed. The acquisition, originally expected to be completed by 30th June 2025, has now been pushed to 30th September 2025. The company attributed the delay to procedural issues. The acquisition is being executed through a share transfer route, and the company stated that all necessary steps are being taken to address the delays and complete the transaction in due course.
The three-month delay due to procedural issues introduces short-term uncertainty for shareholders awaiting completion of this strategic investment. However, since the deal has not been called off and the company is actively working to close it, the long-term investment thesis remains intact, though investors should watch for further updates on whether the revised timeline is met.