String Metaverse gets BSE in-principal approval for Bonus Issue

String Metaverse Ltd has received in-principal approval from the BSE for its proposed bonus issue. The company plans to issue up to 5,55,88,884 bonus equity shares of Re. 1 each in a 2:9 ratio (2 shares for every 9 held). This move is intended to comply with Minimum Public Shareholding (MPS) requirements. The approval is subject to the company fulfilling several conditions, including submission of listing application forms, payment of additional listing fees, and obtaining necessary statutory approvals. The shares will be allotted in dematerialized form.