Steel Exchange India Ltd

Steel Exchange India Approves ₹350 Cr Fundraise via Preferential Warrants 📈

- Preferential issue of up to 36,14,60,300 convertible warrants at ₹9.45 each

- Total fundraise of up to ₹350 crore

- Warrants convertible into equity shares within 18 months of allotment

- Face value of Re 1 with premium of ₹8.45 per warrant

- Seven investors participating including India Coke and Power Private Limited, IMR Steel Private Limited, and promoter Satyatej Vyapaar Private Limited

- Terms modified for listed Non-Convertible Debentures (NCDs) with security structure changed to first charge ranking pari passu