Mukka Proteins Limited Announces ₹98 Crore Preferential Issue for Acquisition and Expansion
Mumbai, October 22, 2024 Mukka Proteins Limited, India’s largest fish meal and insect meal producer and a leader in the animal protein industry, has announced the approval of a preferential issue worth ₹98 crore by its Board of Directors. This strategic move will help Mukka Proteins in its ongoing domestic and international acquisition and expansion efforts, reinforcing its position in the global market. A significant portion of the funding will come from the promoter and promoter group, underlining their commitment to the company’s robust growth strategy.The preferential issue will comprise up to 1.96 crore equity shares at ₹50 per share, aggregating to ₹98 crore. This price includes a premium of ₹49 per share on the face value of ₹1. Mukka Proteins will use the raised capital to enhance...









