Mukka Proteins has announced a strategic investment in its associate company, Ento Proteins Private Limited. The company has subscribed to a rights issue, acquiring an additional 1,847 equity shares at a premium of Rs. 37,817 per share, for a total investment of Rs. 7 crore. This transaction increases Mukka Proteins’ stake in Ento Proteins to 74%.
Ento Proteins is a manufacturer of insect meal and insect oil, a segment gaining traction due to its potential as a sustainable protein source.
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