Mukka Proteins has received approval to make a strategic investment in United Gulf Fishery Products LLC (the Investee Company) by acquiring and/or subscribing to the shares for an amount not exceeding Rs 1 crore equivalent to 68% of the 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 company’s business in the Middle East by leveraging the acquired entity’s local presence and expertise. The company is also evaluating a future merger of this entity with another Group company to achieve operational efficiencies and business synergies. The said investment is expected to be completed by March 31, 2026. The Board of Directors of the company at its meeting held on November 12, 2025, has 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.
