Spacenet Enterprises India LimitedSPCENETNSE
General Updates regarding approval to participate in OFS of String Metaverse Limited
As filed · Spacenet Enterprises India Limited has informed the Exchange about General Updates regarding approval to participate in OFS of String Metaverse Limited.
Special SituationWatchMajormateriality 76 out of 100
What happened
FactSpacenet Enterprises India Limited has informed the Exchange about General Updates regarding approval to participate in OFS of String Metaverse Limited. 30,00,000 equity shares of face value of Rs. 10/- each equivalent to 2.58 % of the total issued equity share capital. in SML, pursuant to the stock exchange mechanism and in the manner as set out in the OFS Guidelines.
Why it matters
CapitSignal interpretationAn offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
Watch next
Fact- Floor price versus market price
- Seller stake before and after
- Subscription across the two sessions
Evidence
How CapitSignal classified this
- Reasoning:
- OFS base 68; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%