Spacenet Enterprises India Limited sold 30,00,000 equity shares (2.58%) of String Metaverse Limited (SML) via an Offer For Sale (OFS) on April 21-22, 2026. The sale was executed to comply with Minimum Public Shareholding requirements, reducing the promoter group's holding in SML from 4.61% to 2.03%.
Spacenet Enterprises India Limited announced an Offer for Sale of up to 30,00,000 equity shares in String Metaverse Limited. The sale represents 2.58% of issued capital and is intended to meet Minimum Public Shareholding requirements. The transaction is expected to conclude by April 22, 2026, via the stock exchange mechanism.
Spacenet Enterprises India Limited and other promoters are selling up to 38,10,000 shares (3.27% stake) in String Metaverse Limited via an Offer for Sale. The floor price is set at ₹66 per share, totaling approximately ₹25.15 Crore. The sale occurs on April 21-22, 2026, to achieve minimum public shareholding requirements.
