String Metaverse Allots 5.55 Cr Bonus Shares, Achieves MPS Compliance

String Metaverse Limited (formerly Bio Green Papers Limited) has successfully allotted 5,55,86,661 bonus equity shares to its public shareholders. This allotment, made in a ratio of 2 bonus shares for every 9 existing equity shares, was undertaken to comply with Minimum Public Shareholding (MPS) requirements. The bonus shares were exclusively allocated to public shareholders, as promoters and promoter group shareholders voluntarily forgone their entitlement. Following this, the company's public shareholding has increased from 21.48% to 25.06%, thereby meeting the mandated 25% MPS threshold. The total paid-up equity share capital has increased to ₹121,99,09,771.