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Steel Exchange India informs about allotment of debentures

25 Nov 2021 Evaluate
Steel Exchange India has informed that the Board of Directors of the Company, vide its circular Resolution dated 24th November, 2021 has approved the; Allotment of 2,34,60,000 unsecured 12% Compulsorily Convertible Debentures (CCDs) of Rs 72.50 each convertible in to 2,34,60,000 shares of Rs 10 each at a price of Rs 72.50 per share (inclusive of a premium of Rs 62.50 per share) on preferential basis; Allotment of 58,22,150 Convertible Warrants of Rs 72.50 each convertible in to 58,22,150 equity shares of Rs 10 each at a price of Rs 72.50 per share inclusive of premium of Rs 62.50 per share) on preferential basis.  

The above information is a part of company’s filings submitted to BSE.

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