Announced Mon, 22 Jun · 10:15 IST
Bonus shares allotted to public shareholders to meet 25% MPS norm
Corporate Actions View source PDF
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.7%1-day move
₹7.70
prior close
₹8.08
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.2+0.0+0.0+0.0+4.7+0.8+0.3-1.6-2.7-3.8-14.3-16.9——
Up moveDown movePending
AI summary
String Metaverse allotted 5.55 crore bonus equity shares of Re.1 each exclusively to public shareholders in a 2:9 ratio (2 bonus for every 9 held). Record date was June 19, 2026. Promoters forewent their entitlement. Public shareholding rose from 21.48% to 25.06%, achieving the Minimum Public Shareholding compliance threshold. Total paid-up equity capital increased to about 12.20 crore shares.
Likely market impact
Stock price usually adjusts downward on the ex-date. No fresh cash for the company. Removes risk of MPS non-compliance penalty.