Mukka Proteins Limited has informed the Exchange about completion of acquisition of Haris Marine Products Private Limited.
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Mukka Proteins Limited has completed the acquisition of 2,000 equity shares of Haris Marine Products Private Limited (HMPPL) for a total cash consideration of Rs. 19.64 lakhs. With this acquisition, HMPPL has become a 100% Wholly Owned Subsidiary of Mukka Proteins effective 30th March 2026. HMPPL is engaged in manufacturing and exporting fish meal and fish oil, which is aligned with Mukka Proteins' core business. The investment was made at arm's length basis as part of the company's strategic plans to expand its core marine products business.
This acquisition gives Mukka Proteins full ownership and control of a fish meal and fish oil manufacturer, supporting vertical integration in its core marine business. The deal size is small (Rs. 19.64 lakhs) so the immediate financial impact is limited, but it strengthens the company's position in the marine products value chain.