Latest news with #MinimumPublicShareholding
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Business Standard
23-05-2025
- Business
- Business Standard
Datanomics: 1 in 4 listed CPSUs fall short of Sebi's 25% shareholding norm
Of 79 listed CPSUs and financial institutions, 21 have not met SEBI's public shareholding requirement, with nearly half of them from the financial sector Jayant Pankaj Listen to This Article Listed firms in India are required to comply with the Securities and Exchange Board of India's (Sebi's) Minimum Public Shareholding (MPS) norm, which mandates that at least 25 per cent of their equity shares be held by the public or non-promoters. The companies have to do so within three to five years of their listing, depending on their market capitalisation. However, central public sector units (CPSUs) and financial institutions have been given a relaxed timeline to do so. They are now required to adhere to the minimum public holding norm by 1 August 2026. The Life Insurance Corporation (LIC),
Business Standard
28-04-2025
- Business
- Business Standard
Symbol: BGPL) Rights Issue Overwhelmingly Oversubscribed, Raises Rs49.25 Crore
India PR Distribution Mumbai (Maharashtra) [India], April 28: String Metaverse Ltd, a leading Web 3.0 technology company listed on the Bombay Stock Exchange (BSE Symbol: BGPL, Code: 534535), is pleased to announce the successful closure of its Rights Issue, which was overwhelmingly oversubscribed by public investors. The Rights Issue was offered exclusively to public shareholders to assist the company in achieving the Minimum Public Shareholding (MPS) requirement. Following the successful completion of the issue, the public shareholding in the company will increase to 19%. A total of 94,71,445 shares were offered under the Rights Issue, with applications received for more than Rs1.79 crore shares, showcasing strong investor confidence and support. The company successfully raised Rs49.25 crore through the issue. Rights Issue was oversubscribed up to Rs100 crore, highlighting the robust demand from the public shareholders. In a significant development, the company has also received approval from the Ministry of Corporate Affairs for its name change from Bio green Papers Ltd to String Metaverse Ltd. Subsequently, the company has applied to the BSE for updating its name in the stock exchange records. String Metaverse Ltd remains committed to creating long-term value for its shareholders and spearheading innovation in the Web 3.0 space. For media queries, please contact: Name : Reddy Designation : Company Secretary & Compliance Officer Email: cs@ Phone: +91-40-29390760 Website:
Business Standard
28-04-2025
- Business
- Business Standard
Bio Green Papers concludes rights issue of Rs 49.25 cr
Bio Green Papers to be renamed as String Metaverse String Metaverse (formerly Bio Green Papers ) announced the successful closure of its Rights Issue, which was overwhelmingly oversubscribed by public investors. The Rights Issue was offered exclusively to public shareholders to assist the company in achieving the Minimum Public Shareholding (MPS) requirement. Following the successful completion of the issue, the public shareholding in the company will increase to 19%. A total of 94,71,445 shares were offered under the Rights Issue, with applications received for more than Rs 1.79 crore share, showcasing strong investor confidence and support. The company successfully raised Rs 49.25 crore through the issue. Rights Issue was oversubscribed up to Rs 100 crore, highlighting the robust demand from the public shareholders. In a significant development, the company has also received approval from the Ministry of Corporate Affairs for its name change from Bio Geen Papers to String Metaverse. Subsequently, the company has applied to the BSE for updating its name in the stock exchange records.
