Mumbai, 3 September (Kiran News): Mukka Proteins shares surged on Tuesday after the company announced the successful acquisition of a 51% stake in FABBCO Bio Cycle and Bio Protein Technology (FABBCO). The stock was trading at Rs. 27.87, up by 3.61% on the BSE.
The scrip opened at Rs. 27.60 and touched an intraday high of Rs. 28.59 and a low of Rs. 26.85. In the last 52 weeks, Mukka Proteins has seen a high of Rs. 47.94 (8 November 2024) and a low of Rs. 25.49 (18 August 2025). The current market capitalisation of the company stands at Rs. 837.30 crore.
Promoters hold 73.33% of the company, with institutional and non-institutional investors holding 3.95% and 22.71% respectively.
Mukka Proteins completed the acquisition and subscription of 4,858 equity shares of face value Rs. 1,000 each at a premium of Rs. 11,250 per share, representing 51% of FABBCO’s issued and paid-up equity share capital. The total consideration for the deal was Rs. 5.95 crore. With this transaction, FABBCO has become a subsidiary of Mukka Proteins.
The investment is part of Mukka Proteins’ strategic plans to expand its Insect Protein business. FABBCO is engaged in manufacturing animal feed and processing all kinds of waste.
Mukka Proteins is a major player in the fish protein industry and manufactures fish oil used in the soap, leather, and paint industries.
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.