💨 Abstract

String Metaverse Ltd, a Web 3.0 technology company listed on the Bombay Stock Exchange, has successfully closed its Rights Issue, oversubscribed by public investors. The issue aimed to help the company meet the Minimum Public Shareholding requirement. The public shareholding in the company will increase to 19%. The company raised Rs49.25 crore through the issue and received approval for a name change from Bio green Papers Ltd to String Metaverse Ltd.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖