Steel Exchange India Limited announced a ₹40.32 Crore capital infusion. This includes a ₹10.40 Crore allotment of 4.40 crore fresh convertible warrants and ₹29.92 Crore from the conversion of 2.82 crore existing warrants into equity. The funds will strengthen the company's capital base, support operational expansion, and improve financial flexibility.
Steel Exchange India Limited has allotted 4.40 crore convertible equity warrants at an issue price of ₹9.45 each, totaling ₹41.58 Crore. The warrants were issued to five promoter and non-promoter entities on a preferential basis. The company received 25% of the subscription amount (₹10.40 Crore) upfront, with warrants convertible into equity within 18 months.
Steel Exchange India Limited has allotted 4.40 Crore convertible equity warrants at an issue price of Rs. 9.45 per warrant, totalling ₹41.58 Crore. The allotment includes promoter and non-promoter groups. Warrants are convertible into equity shares within 18 months upon payment of the remaining 75% consideration.
Steel Exchange India Limited received a ₹75 Crore upfront infusion from IMR Group entities through the allotment of convertible warrants. This forms part of a larger ₹350 Crore preferential fundraise approved in March 2026. The capital will support debt reduction, operational efficiency, and supply chain strengthening over an 18-month conversion tenure.
Steel Exchange India Limited has allotted 31,74,60,300 convertible warrants to non-promoter entities at an issue price of Rs. 9.45 per warrant, totaling ₹299.99 Crore. The company received 25% upfront (₹74.99 Crore), with the balance payable within 18 months upon conversion into equity shares.
