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Steel Exchange India gets nod for fund raising of up to Rs 600 crore

17 May 2022 Evaluate

Steel Exchange India has received an approval for the issuance of equity shares or securities convertible into equity shares, convertible debentures or warrants, composite issue of convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares, unsecured and / or secured non-convertible debentures or a combination thereof up to an aggregate amount of Rs 600 crore by way of Rights Issue or FPO (Further Public Offering) or private placement or qualified institutions placement (QIP) or through any other permissible mode in one or more tranches. The Board of Directors of the company at their meeting held on May 16, 2022 considered and approved the same.

Steel Exchange India has been established in the field of iron and steel manufacturing and is the AP's largest private integrated steel plant.

Steel Exchange India Share Price

8.68 -0.18 (-2.03%)
13-Apr-2026 16:59 View Price Chart
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