Announced Mon, 22 Jun · 13:58 IST
Bonus shares allotted to public to meet minimum shareholding rule
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
+0.0+0.0+0.0-0.2+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 to public shareholders only at a 2:9 ratio (2 bonus shares for every 9 held), with promoters forfeiting their entitlement. Public shareholding rose from 21.48% to 25.06%, achieving compliance with the 25% minimum public shareholding rule. Total shares rose from 116.43 crore to 121.99 crore of face value Re 1.
Likely market impact
Company now meets the 25% minimum public shareholding requirement; public shareholders get extra shares, but share price typically adjusts downward after the ex-date.