Steel Exchange India Ltd (SEIL)

Visakhapatnam (Andhra Pradesh) [India], May 4: Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced key capital market developments comprising fresh warrant issuance and conversion of existing warrants, aimed at further strengthening the Company’s capital structure.Key Approved Developments:• Fresh Allotment of 4,40,00,000 Convertible Equity Warrants at ₹9.45 per warrant on a preferential basis, aggregating to ₹10.40crore on receipt of 25 % of Subscription Amount.• Conversion of 2,82,97,870 Existing Warrants issued at 14.10 into Equity Shares following receipt of balance subscript...

Mumbai (Maharashtra) [India], March 05: IMR Group (“IMR”), a leading international metals and mining conglomerate, today announced a strategic investment of INR 300 Crores in Steel Exchange India Limited (“SEIL”) through subscription to share warrants. The investment will be made through IMR’s Indian entities — India Coke and Power Private Limited (“ICPPL”) and IMR Steel Private Limited (“ISPL”). This capital infusion will strengthen SEIL’s operations, optimize its debt structure, and position the company for accelerated growth — marking a significant milestone in IMR’s forward integration strategy and its expansion across India’s high-growth steel sector. Strategic Impact IMR Group, headquartered in Switzerland with operations in over 17 countries, operates a fully integrated metals platf...

Tag: Steel Exchange India Ltd (SEIL)

Steel Exchange India Announces Rs 40.32 Crore Capital Strengthening Through Warrant Allotment and Conversion of Existing Warrants

Steel Exchange India Ltd (SEIL) to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest 300 Cr in the Company