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Megastar Foods acquires stake in subsidiary for Rs 2 crore

14 Oct 2019 Evaluate

Megastar Foods has acquired 20,00,000 fully paid up equity shares of Rs 10 each of the wholly owned subsidiary, Megapacific Ventures for an aggregate consideration of Rs 2 crore vide allotment dated October 09, 2019. The said equity shares has been issued and allotted to the company on right issue basis.

Megastar Foods is engaged in the manufacturing of food based products such as wheat flour, organic wheat flour products and allied flour products.

Peers
Company Name CMP
Nestle India 1364.90
Varun Beverages 434.65
Britannia Industries 4939.00
LT Foods 422.25
Hatsun Agro Product 1163.20
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