V-MARC India Limited announced pre-IPO private placement of 840,000 shares at a price of INR 39 per share for gross proceeds of INR 32,760,000 with new investor Madhukar Chimanlal Sheth on February 4, 2021. The investor will acquire 5% stake in the company. The shares have been issued at a premium of INR 29 per share on face value of INR 10 per share. The transaction has been approved by the board of directors of the company.