String Metaverse Receives In-Principal Approval from BSE for Bonus Issue
String Metaverse Ltd, formerly known as Bio Green Papers Limited, announced that it has secured in-principal approval from the BSE for a proposed bonus issue. The move is aimed at fulfilling the Minimum Public Shareholding (MPS) requirements of the company.The approval granted by the Bombay Stock Exchange (BSE) concerns the issue and allotment of equity shares to the public shareholders. As per the approved plan, the company intends to allot up to 5,55,88,884 Bonus Equity Shares, each valued at Re. 1/-.
The bonus share ratio is structured as two fully paid-up equity shares for every nine existing fully paid-up equity shares held by public shareholders on the designated record date of Friday, June 19, 2026.
The key details regarding the bonus issue are summarized below:
| Aspect | Details |
|---|---|
| Company Name | String Metaverse Ltd (Formerly Bio Green Papers Limited) |
| Approval Status | In-Principal Approval from BSE |
| Bonus Share Quantity | Up to 5,55,88,884 Shares |
| Face Value per Share | Re. 1/- each |
| Bonus Ratio | 2 shares for every 9 existing shares |
| Record Date | Friday, June 19, 2026 |
The company has received the in-principal approval from BSE regarding the bonus share issuance.
Stock Price Movement
As of 12:45 p.m., shares of String Metaverse Ltd. are slipping, currently trading at ₹9.70, which represents a 3.00% dip from the previous close. These shares have seen considerable intraday movement, ranging between a high of ₹10.24 and a low of ₹9.51.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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