METAString Metaverse Ltd
String Metaverse receives BSE’s in-principle approval for a preferential issue to non-promoter investors
- Capital raise
String Metaverse Limited, formerly Bio Green Papers Limited, has told the exchanges that BSE, in a letter dated 14 Oct 2026 (reference LOD/PREF/RB/FIP/948/2026-27), has granted its in-principle approval under Regulation 28(1) of the SEBI listing regulations for the company’s proposed preferential issue of equity shares to non-promoter investors. The company made the disclosure on 14 Oct 2026 under Regulation 30 and attached a copy of the approval letter.
Inference
An in-principle approval from the exchange is one of the conditions for a preferential issue. It does not mean the shares have been issued, since the company still has to complete the allotment.
The filing does not give the number of shares, the price or the investors, which are in the approval letter and the company’s earlier filings on the issue.
Reference: Original filing (PDF)
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