Mukka Proteins Completes Acquisition of Ocean Proteins, Making it a Subsidiary
Mukka Proteins Limited has announced the completion of its further acquisition of 1,04,500 equity shares in Ocean Proteins Private Limited (OPPL) for a total consideration of ₹1.045 crore (Rupees One ...
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Why is Mukka Proteins Limited in the news today?
Mukka Proteins Limited (MUKKA) is in the news due to the acquisition of ocean proteins private limited and its subsequent becoming a subsidiary is a strategic move for mukka proteins to expand its business, which is viewed positively.
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Mukka Proteins Completes Acquisition of Ocean Proteins, Making it a Subsidiary
December 31, 2025, 10:04 AM
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Mukka Proteins Limited has announced the completion of its further acquisition of 1,04,500 equity shares in Ocean Proteins Private Limited (OPPL) for a total consideration of ₹1.045 crore (Rupees One Crore Four Lakh and Fifty Thousand Only). The acquisition, which involved shares with a face value of ₹100 each at face value, was completed on December 30, 2025.
As a result of this acquisition, Ocean Proteins Private Limited has now become a subsidiary of Mukka Proteins Limited, with Mukka Proteins holding a 51% shareholding post-acquisition. OPPL is engaged in the manufacturing and export of Frozen Fish, Shrimp, and Surmi. Its authorized capital is ₹10 crore and paid-up capital is ₹9.50 crore. For the financial year 2024-25, OPPL reported a turnover of ₹50.70 crore and a Profit After Tax (PAT) of (₹0.8156 crore).
This strategic investment is part of Mukka Proteins' plans to expand its Frozen Fish business. OPPL was previously an associate company and a related party. The investment was made on an arm's length basis, with promoters having an interest through their directorship.
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