Announcement under Regulation 30- Press Release
STEELXIND · price
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Steel Exchange India Limited announced two capital market developments totalling ₹40.32 crore. First, fresh allotment of 4.40 crore convertible equity warrants at ₹9.45 per warrant on a preferential basis, bringing in ₹10.40 crore (with 25% subscription received). Second, conversion of 2.83 crore existing warrants originally issued at ₹14.10 into equity shares, resulting in ₹29.92 crore inflow. The company says this will support operational expansion, improve working capital efficiency, and pursue strategic growth opportunities in the domestic steel sector.
The warrant conversion and fresh issuance strengthen the company's capital base and provide financial flexibility, positioning it to scale operations and pursue growth in the steel value chain.