Mukka Proteins has received approval from Board of Directors to make a strategic investment in Mukka Proteins Vietnam (the Investee Company) by acquiring and/or subscribing to the shares for an amount not exceeding Rs 10,00,000 equivalent to 70% of the issued and paid-up 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 core business of the Company.
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.
