Mukka Proteins Limited — JV/Acquisition, 25-03-2025: Acquisition

Mukka Proteins Limited has announced a board meeting to approve a strategic investment in GSM Marine Export, acquiring a 51% stake for up to Rs. 14 Cr through capital contributions. GSM Marine, incorporated in March 2021, specializes in manufacturing fish meal and fish oil. With a recent turnover of Rs. 32.35 Cr in FY 2023-24, this acquisition aims to enhance Mukka's core business and drive growth. The transaction is expected to complete by June 30, 2025. This move reflects Mukka's focus on market expansion and operational synergies in the marine products sector.