Mukka Proteins Limited has informed the Exchange about Acquisition
MUKKA · price
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Mukka Proteins Limited's board has approved acquiring a 70% stake in Mukka Proteins Vietnam Co., Ltd., a Vietnam-based company trading feed and ingredients for livestock, poultry and aquatic products. The investment is capped at Rs. 10 lakh, with the actual cost of acquisition being approximately Rs. 5.45 lakh for the 70% stake, payable in cash. The target company, incorporated in February 2023, saw its turnover jump sharply from around Rs. 85 lakh (Dec 2023) to about Rs. 15 crore (Dec 2024), though it posted a small loss of Rs. 6.24 lakh and has a low net worth of Rs. 9.08 lakh. The deal is not a related-party transaction and aligns with the company's core business of expanding overseas. Completion is targeted by 31 December 2025, subject to RBI reporting under overseas investment rules.
This is a small, low-cost overseas expansion in line with Mukka Proteins' core feed business, so it is unlikely to materially move the stock on its own. However, it signals the company's intent to grow its international footprint in the aquafeed and livestock ingredients space, which could be a positive longer-term strategic signal for shareholders.