String Metaverse
164.50
-8.65(-5.00%)
Market Cap₹1,915.29 Cr
PE Ratio24.99
Company Performance:
1D-5.00%
1M-27.16%
6M-37.64%
1Y+294.39%
5Y+5,970.11%
View Company Insightsright
More news about String Metaverse
08Jan 26
China to probe Meta's $2 billion acquisition of AI startup Manus amid rising tech curbs
China's commerce ministry will investigate Meta's $2 billion acquisition of AI startup Manus to ensure compliance with Chinese laws on foreign investment, technology exports, and data transfers. The Singapore-based Manus was acquired last month as part of Meta's automation strategy. The probe reflects Beijing's increased scrutiny of foreign tech acquisitions and could impact Meta's regional AI deployment plans.
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07Jan 26
Meta delays global rollout of Ray-Ban Display glasses on strong US demand, supply squeeze
Meta has postponed the international expansion of its Ray-Ban Display glasses to the UK, France, Italy, and Canada due to overwhelming US demand and supply constraints. The company sold 15,000 units in the first quarter, capturing 6% market share, with waitlists now extending into 2026. Meta announced new features at CES including a teleprompter function and expanded pedestrian navigation to four more cities, bringing the total to 32 supported locations.
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07Nov 25
String Metaverse Reports 213% Revenue Surge in H1, Driven by Gaming and DeFi Growth
String Metaverse Limited, India's first publicly listed Web3 infrastructure and gaming company, reported strong H1 FY26 results. Revenue increased by 213.49% to ₹432.34 Cr, EBITDA grew 225.99% to ₹47.66 Cr, and PAT rose 229.20% to ₹39.93 Cr year-over-year. The gaming division expanded its user base by 17.5% quarter-on-quarter to 4.7 million. The company's DeFi operations showed significant growth, with the $IDLE Token generating ₹50 crore in trading volume. String Metaverse also expanded its infrastructure with high-performance computing servers in strategic locations. The board approved fundraising initiatives totaling up to ₹1,410 crore and introduced an ESOP scheme covering 50 lakh equity shares.
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07Nov 25
String Metaverse Reports Robust Q2 Growth, Approves Major Fund-Raising Plans
String Metaverse Limited reported a 165.41% year-on-year increase in Q2 consolidated revenue, reaching ₹23,249.83 crore. The company's EBITDA grew by 223% to ₹2,583.00 crore, while PAT increased by 220.59% to ₹2,163.65 crore. The gaming segment generated ₹20,421.01 crore in revenue, with the user base expanding to 4.7 million. The company integrated the $IDLE Token across its platforms and deployed validation nodes on the Solana blockchain. The Board approved fund-raising initiatives totaling up to ₹1,410 crores through rights issue, QIP, and other securities offerings. An employee stock option scheme covering 50 lakh equity shares was also approved.
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04Nov 25
String Metaverse Limited Restructures Audit Committee and Announces Upcoming Board Meeting
String Metaverse Limited has reconstituted its Audit Committee with four members, effective November 3, 2025. The company also revised the agenda for its upcoming board meeting on November 7, 2025, which includes reviewing financial results, discussing a potential Rights Issue, and approving an employee stock option scheme. The trading window for designated persons is closed from October 1, 2025, until 48 hours after the financial results declaration.
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03Nov 25
String Metaverse Announces Rights Issue, Board Meeting to Approve Fundraising Plan
String Metaverse Limited's board will meet on November 7th, 2025, to consider a rights issue for raising funds and meeting Minimum Public Shareholding norms. The meeting will also review Q2 and H1 FY2026 financial results, discuss an employee stock option scheme, and approve a draft notice for shareholders' approval. The trading window for designated persons is closed from October 1, 2025, until 48 hours after the financial results declaration.
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16Oct 25
String Metaverse's Subsidiary Handles Over $920 Million in Trading Volume on Deribit Exchange
String Fintech HK Ltd, a subsidiary of String Metaverse Limited, processed over $920 million USD in transaction volume on the Deribit Derivatives Exchange between September 15 and October 15, 2025. The company leveraged high-frequency trading architecture and ultra-low-latency servers, demonstrating its evolution into a leader in high-performance digital asset transaction infrastructure. The trading volume included $869,452,205.80 in futures and $83,323,216.30 in options.
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11Sept 25
String Metaverse Divests Entire Stake in String AI IFSC for ₹1.84 Crore
String Metaverse Limited has sold its entire stake in subsidiary String AI IFSC Private Limited to Axill LLC, a US-based company, for ₹1.84 crore. The transaction involved 1,38,83,568 equity shares and was completed on September 11, 2025. String AI IFSC contributed 1.58% of consolidated revenue and 5.39% of consolidated net worth for the fiscal year ending March 31, 2025. The company has confirmed this is not a related party transaction and has made necessary disclosures as per SEBI regulations.
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08Sept 25
String Metaverse Limited Undergoes Major Leadership Reshuffle
String Metaverse Limited has announced significant changes in its top leadership. Sai Santosh Althuru stepped down as CEO, replaced by Raghavendra Hunasgi, co-founder of Zeebu. Meenavalli Krishna Mohan resigned as CFO, with Hemant Prabhudas Vastani taking over. Both Althuru and Mohan will remain as Executive Directors. Amar Kumar joined as an Additional Director. The changes aim to strengthen the company's position in Web3 and AI sectors.
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String Metaverse
164.50
-8.65
(-5.00%)
1 Year Returns:+294.39%
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