String Metaverse Ltd

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String Metaverse Fund Raise of ₹73.63 Cr

String Metaverse board approved a ₹73.63 crore preferential equity issue at ₹8.85 per share. EGM set for October 15, 2026 for shareholder approval.

Value

₹73.63 Cr

Fund Raise

String Metaverse Fund Raise of ₹49.25 Cr

String Metaverse Limited reported zero deviation in utilizing ₹49.25 Crore raised via Rights Issue for the March 2026 quarter. Funds were deployed for capital expenditure and corporate purposes.

Value

₹49.25 Cr

Fund Raise

String Metaverse Fund Raise

String Metaverse Limited has withdrawn its proposed Rights Issue, previously intended for Minimum Public Shareholding compliance.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.