Steel Exchange India Limited to Raise up to ₹700 Crore via Equity/Debt Instruments
Steel Exchange India Limited announced that its Board of Directors, in a meeting held on December 30, 2025, approved a proposal to raise funds up to ₹700 crore. The fundraising will be conducted in on...
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Why is STEEL EXCHANGE INDIA LIMITED in the news today?
STEEL EXCHANGE INDIA LIMITED (STEELXIND) is in the news due to the company is planning to raise a significant amount of capital, which can be used for expansion, debt reduction, or other strategic initiatives, indicating positive future prospects.
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Steel Exchange India Limited to Raise up to ₹700 Crore via Equity/Debt Instruments
December 30, 2025, 06:59 AM
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Steel Exchange India Limited announced that its Board of Directors, in a meeting held on December 30, 2025, approved a proposal to raise funds up to ₹700 crore. The fundraising will be conducted in one or more tranches through various instruments including equity shares, equity-linked instruments, debt instruments, convertible equity warrants, compulsorily or optionally convertible securities, and non-convertible debentures (secured or unsecured).
The issuance can be done through preferential issue, private placement, qualified institutions placement, public issue, or any other permitted mode under applicable laws. The Board has delegated powers to a Fund-Raising Committee to finalize the structure, form of issuance, price, terms, and conditions.
The fund-raising initiative will adhere to the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other relevant laws. It is also subject to shareholder approval and necessary regulatory, lender, and statutory clearances.
The Board meeting commenced at 11:00 a.m. and concluded at 12:20 p.m. on December 30, 2025.
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