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String Metaverse Limited
5 articles
String Metaverse Limited is undergoing a significant shift in its shareholding structure as promoters divest substantial stakes to meet minimum public shareholding requirements. Multiple offers for sale (OFS) totaling approximately 6.85% of equity have been executed or announced, reducing promoter holdings from 81.79% to 78.52% and increasing public float to 21.48%. While the company reported a consolidated net profit of ₹99.70 crore for fiscal year 2026, the focus on regulatory compliance through these share sales may introduce short-term volatility; however, achieving a broader public investor base could improve liquidity and governance in the long run.
String Metaverse Bonus Share Allotment of 5.56 Crore Shares
• String Metaverse Ltd submits a SEBI-mandated undertaking to BSE confirming bonus share allotment details and timelines.
• The company allotted 5,55,86,661 bonus shares with a record date of June 19,
Spacenet Sells 2.58% Stake in String Metaverse
Spacenet Enterprises sold 30 lakh String Metaverse shares via OFS on April 21-22, 2026 to meet minimum public shareholding norms.
The sale reduced Spacenet's promoter group holding in String Metaverse
String Metaverse Promoters Sell 3.27% Stake via OFS
String Metaverse Limited promoters sold 3.81 million shares via OFS to meet minimum public shareholding requirements.
Promoter group holding reduced from 81.79% to 78.52%, increasing public shareholdi
String Metaverse Promoters Sell 3.27% via OFS
Spacenet Enterprises and other String Metaverse promoter group members announce an Offer for Sale of 38.1 lakh shares (3.27% stake) to achieve minimum public shareholding.
The OFS has a floor price of
String Metaverse Promoters OFS 3.27% Equity
Promoter group of String Metaverse Limited announces an Offer for Sale of up to 38.10 lakh shares (3.27% equity) via BSE's OFS mechanism.
The OFS, scheduled for April 21-22, 2026, aims to achieve mini