Spacenet Enterprises India Limited has informed the Exchange about General Updates
SPCENET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Spacenet Enterprises India Limited, acting as the Promoter Group of String Metaverse Limited (SML), has sold 30,00,000 equity shares of SML on April 21 and 22, 2026. The shares represent 2.58% of SML's total paid-up equity capital with face value of ₹10 each. The sale was conducted through an Offer for Sale mechanism on the stock exchange, in compliance with SEBI guidelines. Following this transaction, Spacenet's promoter group holding in SML has reduced from 4.61% to 2.03%. The sale was undertaken to fulfill Minimum Public Shareholding requirements applicable to listed companies.
This indicates Spacenet is reducing its stake in SML to meet regulatory public shareholding norms. The significant reduction in promoter holding to just 2.03% shows near-complete exit from SML's promoter category.