Latest news with #MinimumPublicShareholding
Time of India
10-07-2025
- Business
- Time of India
Waaree Energies shares jump 2% on launching OFS to offload 2.4% stake in subsidiary
The move is aimed at achieving the Minimum Public Shareholding (MPS) requirements stipulated by SEBI. Waaree Energies share price will be in focus as the company launches an Offer for Sale (OFS) to offload a 2.4% stake in subsidiary Indosolar Ltd. The move aims to meet SEBI's Minimum Public Shareholding (MPS) norms. The OFS opens for non-retail investors today. Tired of too many ads? Remove Ads OFS Details: Sale Size: 10,00,000 equity shares of face value Rs 10 each 10,00,000 equity shares of face value Rs 10 each Non-Retail Investor Bidding Date (T-Day): July 10, 2025 July 10, 2025 Retail Investor Bidding Date (T+1 Day): July 11, 2025 Tired of too many ads? Remove Ads Waaree Energies share price history Shares of Waaree Energies jumped 1.9% to their intraday high of Rs 3,179 on the BSE on Thursday, following the company's announcement of an Offer for Sale (OFS) of 10,00,000 equity shares of its subsidiary Indosolar Ltd. According to the official notification, the OFS represents 2.40% of Indosolar Limited's total issued and paid-up move is aimed at achieving the Minimum Public Shareholding MPS ) requirements stipulated by seller, Waaree Energies , will carry out the OFS exclusively through its broker via a separate trading window provided by the exchanges. The OFS is being undertaken to bring Indosolar's public shareholding in line with Rule 19A(5) of the Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of the SEBI LODR Stock Broking will serve as the seller's broker for the transaction. The bidding process will be conducted during regular trading hours, from 9:15 a.m. to 3:30 p.m. on both days, via separate offer for sale windows on the BSE and NSE, with the BSE designated as the lead stock of Waaree Energies has delivered a 9.05% return year-to-date (YTD), while it has gained 20.02% over the past 6 months. In the last 3 months, the stock surged 45.32%, and in the most recent 1-month period, it rose by 11.18%.The shares of Waaree Energies closed 1.7% higher at Rs 3,119.60 on the BSE on Wednesday.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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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.
