Mukka Proteins has received approval to make a strategic investment in FABBCO Bio Cycle and Bio Protein Technology (FABBCO) (the Investee Company) by acquiring and/or subscribing to the equity shares for an amount not exceeding Rs 6 crore equivalent to 51% of the issued and paid-up equity share capital of the Investee Company in one or more tranches.
The proposed investment is being made as a part of company’s strategic investment plans to expand the Insect Protein business of the company. The said transaction is expected to be completed by June 30, 2025. The Board of Directors of the company at their meeting held on March 25, 2025, have approved the same.
Mukka Proteins is one of the key players of the fish protein industry. The company manufactures fish oil which is used in the production of soap, leather tanneries, and the paint industry.
