String Metaverse Ltd confirmed its non-applicability under the SEBI Large Corporate framework for FY 2026-27. While listed on the BSE, its outstanding borrowings of ₹0.11 Crore and lack of a credit rating above 'AA' mean it does not qualify as a Large Corporate, exempting it from specific incremental borrowing requirements.
String Metaverse Limited approved a 2:9 selective bonus issue exclusively for public shareholders. Promoters voluntarily waived their participation to support alignment with Minimum Public Shareholding requirements. The initiative reflects a rare capital distribution approach aimed at increasing retail investor participation and shareholder inclusivity.
String Metaverse Limited has withdrawn its proposed Rights Issue, previously intended for Minimum Public Shareholding compliance. The Board instead decided to issue Bonus Equity Shares to public shareholders, with promoters foregoing their entitlement. This change represents a preferred route to meet SEBI's public shareholding requirements.
String Metaverse Ltd approved a 2:9 bonus share issue for public shareholders, capitalising ₹5.56 Crore from reserves. The promoters will forgo their entitlement to meet Minimum Public Shareholding requirements. Additionally, the company withdrew a proposed rights issue and appointed a scrutinizer for the shareholder postal ballot approval process.
String Metaverse Limited successfully completed its Offer for Sale (OFS), achieving 149% non-retail and 495% retail subscription. The Board will meet on April 29, 2026, to consider a bonus share issue for public shareholders to enhance liquidity and reward participation. This corporate action aims to achieve Minimum Public Shareholding compliance.
String Metaverse Limited (formerly Bio Green Papers) scheduled a board meeting for April 29, 2026, to approve a bonus share issue. This follows successful retail and non-retail participation in its recent Offer for Sale. The move aims to reward public shareholders and help the company achieve the 25% Minimum Public Shareholding requirement.
String Metaverse Limited promoters completed an Offer for Sale (OFS) of 38,10,000 equity shares (3.27% stake) valued at ₹3.81 Crore. The divestment reduced promoter holding from 81.79% to 78.52%, aimed at achieving the mandated 25% Minimum Public Shareholding requirement.
String Metaverse Limited's promoter group is selling up to 38,10,000 shares (3.27% stake) through an Offer for Sale. The transaction, valued at approximately ₹25.15 Crore at a ₹66 floor price, aims to achieve minimum public shareholding compliance.
Promoters of String Metaverse Limited are selling up to 38,10,000 equity shares (3.27% stake) via an Offer for Sale at a floor price of ₹66 per share. The ₹25.15 Crore offer aims to achieve minimum public shareholding compliance, with bidding scheduled for April 21-22, 2026.
String Metaverse Ltd promoters propose selling up to 38,10,000 equity shares (3.27% stake) via an Offer for Sale on April 21-22, 2026. The floor price is set at ₹66.00 per share, implying a total transaction value of ₹25.15 Crore. This regulatory mechanism aims to achieve minimum public shareholding requirements.
String Metaverse Limited has been allotted a new ISIN (INE958L01034) following the sub-division of its equity shares. The stock split changes the face value from ₹10 to ₹1 per share, effective for trades starting April 24, 2026.
