Rs 350 crore refinancing completed at lower interest rates

Debt RestructuredDebt PrepaidNew Credit FacilityCredit & Debt View source PDF Explain this filing

STEELXIND · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+0.8%Reaction day

₹10.46

prior close

₹10.50

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+1.0% vs market

Iron & Steel Products peers, median of 94sector-0.3%+1.1% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 1.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.1

15m

+0.0

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.8-0.3+1.0-0.3+1.1

Next day

+4.3-0.1+4.4+0.0+4.3

+1.8+0.6+1.2+0.1+1.7

-1.5+0.1-1.6-0.7-0.8

-4.4-1.1-3.3-2.2-2.2

-2.5-0.1-2.4-1.0-1.5

-3.6-0.1-3.6-2.1-1.5

15d

-5.8+2.1-7.9-0.5-5.3

-13.1+0.3-13.4-2.5-10.6

-20.3-6.3-14.0-8.8-11.4

-14.2-4.7-9.5-7.5-6.8

UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 94Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Steel Exchange India completed a Rs 350 crore refinancing to take over Rs 340 crore of high-cost non-convertible debentures and term loans. Rs 150 crore was used for partial prepayment, and Rs 199.17 crore to buy the company’s listed debentures from existing holders. The new rate is about 5.50 percentage points below 18.75%, with repayment extended to September 2030. This is expected to cut cash outflow by Rs 130 crore through FY 2028.

Likely market impact

Lower borrowing costs and longer tenure should improve liquidity. Rs 130 crore of cash outflow is saved through FY 2028, benefiting shareholders.