Shyam Metalics and Energy has received approval for raising funds either by issuance of equity shares, and / or bonds including foreign currency convertible bonds / debentures/ non-convertible debt instruments with or without warrants/ convertible debentures / warrants or any other securities by way of private placement or preferential issue or public issue or through any other permissible mode and / or combination thereof, including by way of qualified institutions placement to QIB or through any other permissible mode or any combination thereof of any of the above, in one or more tranches, for an amount not exceeding Rs 3000 crore. The board of director at their meeting held on May 18, 2022 has approved the same.
Shyam Metalics and Energy is a leading integrated metal producing company based in India with a focus on long steel products and ferro alloys.
