Trading Approval for Equity Shares Issued on Rights Issue Basis.
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BSE has approved the listing and trading of 94,71,445 new equity shares of String Metaverse Limited issued through a rights issue at Rs. 52 per share (Rs. 10 face value plus Rs. 42 premium), raising approximately Rs. 49.25 crore in total. The shares were allotted on May 5, 2025, and are set to be admitted to trading on the exchange from Monday, May 12, 2025, ranking equally with existing shares. The company, formerly known as Bio Green Papers Limited, has scrip code 534535. This is a routine post-allotment confirmation following the closure of the rights issue.
Shareholders who exercised their rights will see those shares become tradable from May 12, 2025. The expanded share base means slight dilution for shareholders who did not subscribe, though the issue was priced at a significant premium over face value.