String Metaverse
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String Metaverse approved a preferential issue of up to 8.32 crore equity shares at ₹8.85 each, seeking to raise ₹73.63 crore, subject to shareholder and regulatory approvals. The 21 proposed non-promoter allottees included Altius Global Finance Private Limited, which was slated to receive 5.42 crore shares, and 20 other named individuals or entities. The company had proposed raising up to ₹1,000 crore through equity and convertible securities in August, and a September 14 notice had scheduled the board’s consideration of a preferential issue or private placement. An extraordinary general meeting was scheduled for October 15 at 11:30 a.m. IST through video conferencing to seek member approval.
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String Metaverse approved a preferential issue of up to 8.32 crore equity shares at ₹8.85 each, seeking to raise ₹73.63 crore, subject to shareholder and regulatory approvals. The 21 proposed non-promoter allottees included Altius Global Finance Private Limited, which was slated to receive 5.42 crore shares, and 20 other named individuals or entities. The company had proposed raising up to ₹1,000 crore through equity and convertible securities in August, and a September 14 notice had scheduled the board’s consideration of a preferential issue or private placement. An extraordinary general meeting was scheduled for October 15 at 11:30 a.m. IST through video conferencing to seek member approval.
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String Metaverse’s board approved a proposal to raise up to ₹1,000 crore through equity shares and other eligible securities, including convertibles, warrants, ADRs, GDRs and FCCBs, subject to regulatory and shareholder approvals. It also approved unaudited consolidated results for the quarter ended June 30, 2026, which showed revenue from operations of ₹392.40 crore and profit of ₹36.92 crore, compared with ₹198.86 crore and ₹18.30 crore a year earlier. Gaming IT services generated ₹390.91 crore of quarterly revenue, while HFT contributed ₹1.49 crore and recorded a segment loss of ₹4.80 crore. Revenue from operations for FY26 was ₹1,069.11 crore, compared with ₹407.36 crore in FY25. A ₹49.25 crore rights issue was completed in 2025, and a fund-raising plan of up to ₹1,410 crore was approved in November 2025.
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String Metaverse’s board approved a proposal to raise up to ₹1,000 crore through equity shares and other eligible securities, including convertibles, warrants, ADRs, GDRs and FCCBs, subject to regulatory and shareholder approvals. It also approved unaudited consolidated results for the quarter ended June 30, 2026, which showed revenue from operations of ₹392.40 crore and profit of ₹36.92 crore, compared with ₹198.86 crore and ₹18.30 crore a year earlier. Gaming IT services generated ₹390.91 crore of quarterly revenue, while HFT contributed ₹1.49 crore and recorded a segment loss of ₹4.80 crore. Revenue from operations for FY26 was ₹1,069.11 crore, compared with ₹407.36 crore in FY25. A ₹49.25 crore rights issue was completed in 2025, and a fund-raising plan of up to ₹1,410 crore was approved in November 2025.
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Aug 11 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE - APPROVES FUNDRAISING OF UP TO 10 BILLION RUPEES VIA EQUITY AND OTHER SECURITIES
Source text: ID:nBSEbBqtLX
Further company coverage: STRN.BO
(([email protected];))
Aug 11 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE - APPROVES FUNDRAISING OF UP TO 10 BILLION RUPEES VIA EQUITY AND OTHER SECURITIES
Source text: ID:nBSEbBqtLX
Further company coverage: STRN.BO
(([email protected];))
June 2 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE - GHANSHYAM DAS RESIGNS AS CHAIRMAN
STRING METAVERSE - APPOINTS SETHURATHNAM RAVI AS CHAIRMAN EFFECTIVE 2 JUNE 2026
Source text: ID:nBSE4lNLd3
Further company coverage: STRN.BO
(([email protected];))
June 2 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE - GHANSHYAM DAS RESIGNS AS CHAIRMAN
STRING METAVERSE - APPOINTS SETHURATHNAM RAVI AS CHAIRMAN EFFECTIVE 2 JUNE 2026
Source text: ID:nBSE4lNLd3
Further company coverage: STRN.BO
(([email protected];))
May 25 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE MARCH-QUARTER CONSOL NET PROFIT 352.4 MILLION RUPEES
STRING METAVERSE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES
Source text: ID:nBSE9C5nZT
Further company coverage: STRN.BO
(([email protected];))
May 25 (Reuters) - String Metaverse Ltd STRN.BO:
STRING METAVERSE MARCH-QUARTER CONSOL NET PROFIT 352.4 MILLION RUPEES
STRING METAVERSE MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 3.59 BILLION RUPEES
Source text: ID:nBSE9C5nZT
Further company coverage: STRN.BO
(([email protected];))
Jan 17 (Reuters) - Bio Green Papers Ltd BGPL.BO:
BOARD TO CONSIDER RIGHTS ISSUE
Source text: ID:nBSEbX2fGq
Further company coverage: BGPL.BO
(([email protected];;))
Jan 17 (Reuters) - Bio Green Papers Ltd BGPL.BO:
BOARD TO CONSIDER RIGHTS ISSUE
Source text: ID:nBSEbX2fGq
Further company coverage: BGPL.BO
(([email protected];;))
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Popular questions
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What does String Metaverse do?
Bio Green Papers Ltd (BGPL) is into the manufacture of Kraft Paper and Duplex Board. BGPL wants to pursue onward consolidation of the Kraft Paper & Duplex Board business along with its other related operations. They are located in Hyderabad, Andhra Pradesh.
Who are the competitors of String Metaverse?
String Metaverse major competitors are TN Newsprints &Paper, NR Agarwal Inds., Pudumjee Paper Prod., Emami Paper Mills, Kuantum Papers, Andhra Paper, Satia Industries. Market Cap of String Metaverse is ₹1,049 Crs. While the median market cap of its peers are ₹938 Crs.
Is String Metaverse financially stable compared to its competitors?
String Metaverse seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does String Metaverse pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. String Metaverse latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%
How has String Metaverse allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is String Metaverse balance sheet?
Balance sheet of String Metaverse is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of String Metaverse improving?
Yes, profit is increasing. The profit of String Metaverse is ₹121 Crs for TTM, ₹35.09 Crs for Mar 2025 and ₹10.81 Crs for Mar 2024.
Is the debt of String Metaverse increasing or decreasing?
The net debt of String Metaverse is decreasing. Latest net debt of String Metaverse is -₹27.05 Crs as of Mar-26. This is less than Mar-25 when it was -₹19.91 Crs.
Is String Metaverse stock expensive?
String Metaverse is not expensive. Latest PE of String Metaverse is 8.05, while 3 year average PE is 48.43. Also latest EV/EBITDA of String Metaverse is 6.95 while 3yr average is 28.88.
Has the share price of String Metaverse grown faster than its competition?
String Metaverse has given better returns compared to its competitors. String Metaverse has grown at ~140.09% over the last 10yrs while peers have grown at a median rate of 5.31%
Is the promoter bullish about String Metaverse?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in String Metaverse is 74.95% and last quarter promoter holding is 81.79%
Are mutual funds buying/selling String Metaverse?
There is Insufficient data to gauge this.