Update on Rights Issue w.r.t Draft Letter of offer.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
String Metaverse Limited (formerly Bio Green Papers Limited) is progressing with its proposed Rights Issue of equity shares. The Board first approved the Rights Issue on May 15, 2025, and communicated a revised Draft Letter of Offer (DLOF) on May 24, 2025. On June 12, 2025, the Rights Issue Committee approved a further revised DLOF, which will be submitted to BSE in due course. The filing is a procedural update under SEBI Listing Regulations and does not disclose issue size, pricing, or use of proceeds.
This is a routine regulatory update signaling that the Rights Issue is moving through the approval process. No pricing, ratio, or purpose details are shared yet, so shareholders should wait for the final DLOF to understand the dilution, cost, and rationale before deciding on subscription.