Megastar Foods Limited announced a private placement of 100,000 common shares at a price of INR 50 per share for gross proceeds of INR 5,000,000 on August 23, 2021. The shares carry face value of INR 10 per share. The company will issue shares on a preferential basis. The transaction will include participation from Vikas Goel for 40,000 shares, Vikas Gupta for 40,000 shares, and Mudit Goyal for 20,000 shares. The transaction has been approved by board of directors of the company and is subject to approval from shareholders and applicable regulatory authorities.