Corporate Action17 Sept 2026, 03:21 pm
String Metaverse Approves Preferential Issue of Equity Shares
AI Summary
String Metaverse Limited's Board of Directors has approved a preferential issue of up to 8,32,03,383 equity shares at ₹8.85 per share, aiming to raise approximately ₹73.63 crore. This move is subject to shareholder and regulatory approvals. The company also announced an Extra-Ordinary General Meeting (EGM) on October 15, 2026, to seek shareholder consent for the preferential issue and other related matters. M/s. Balaramakrishna & Associates have been appointed as scrutinizers for the e-voting process.
Key Highlights
- Board approved preferential issue of equity shares.
- Aiming to raise ₹73.63 crore at ₹8.85 per share.
- EGM scheduled for October 15, 2026, for shareholder approval.
- Appointment of scrutinizers for e-voting process approved.
Price Impact
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