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.
