Mumbai, 13 November (Udaipur Kiran)। Mukka Proteins’ shares surged over 6% on Thursday after the company announced board approval for a strategic investment in United Gulf Fishery Products LLC, a Middle East–based entity.
The stock traded at ₹26.78, up ₹1.66 or 6.61% from its previous close of ₹25.12 on the BSE. It opened at ₹26.51 and touched a high of ₹27.27 and a low of ₹26.08. Total traded volume stood at 59,238 shares. The firm’s current market capitalization is ₹803.70 crore.
The BSE Group ‘B’ stock has a 52-week high of ₹43.61 (13 Nov 2024) and a 52-week low of ₹23.87 (10 Nov 2025). Promoters hold 73.33%, while institutions and non-institutions own 3.36% and 23.31% respectively.
Investment for Middle East Expansion
Mukka Proteins will invest up to ₹1 crore to acquire or subscribe up to 68% stake in United Gulf Fishery Products LLC in one or more tranches.
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The move is part of the company’s strategy to expand operations in the Middle East by leveraging the investee firm’s local presence and market expertise.
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Mukka is also evaluating a future merger of this entity with another group company to enhance synergies and operational efficiency.
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The deal is expected to be completed by March 31, 2026.
The board cleared the proposal in its meeting held on November 12, 2025.
Mukka Proteins is among India’s major fish protein manufacturers, producing fish oil used in soap, leather tanneries, and the paint industry.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.