Interesting development at Megastar Foods!
Megastar Foods’ Board approves preferential allotment
of 13 lakh shares at Rs. 326/share
• Family offices of Polycab India & Garware and Coeus Global
Opportunities Fund, among others, have participated in the round
Thread 🧵
Megastar Foods’ Board approves preferential allotment
of 13 lakh shares at Rs. 326/share
• Family offices of Polycab India & Garware and Coeus Global
Opportunities Fund, among others, have participated in the round
Thread 🧵
On Thursday, Megastar Foods Ltd, a bulk food processing company, announced its Board of Directors' approval for issuing up to 13,00,000 lakh equity shares on a preferential basis to promoters, non-promoters, and public shareholders.
The issue price for the preference shares is set at Rs 326 per share. Notably, Polycab India and Garware family offices have invested, alongside other non-promoter group allottees. Foreign interest is evident, with Bank of America and BNP Paribas entering via secondary market.
Non-promoter groups like Nikhil Ramesh Jaisinghania, Coeus Global Opportunities Fund, Monica Garware, and Amisha N Vora are among those being allotted shares.
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