India, April 21 -- Steel Exchange India Limited has infused Rs 75 crore into its capital base through the allotment of convertible warrants as part of a larger fundraising plan.
The company received the investment from India Coke and Power Private Limited and IMR Steel Private Limited, which is part of the IMR Group, a global metals and mining conglomerate. The infusion forms a portion of Steel Exchange India's proposed Rs 350 crore capital raise via a preferential issue, approved by its board on March 4, 2026.
Under the terms, the warrants are convertible within 18 months from the date of allotment. The funds are expected to enhance operational efficiency, strengthen the supply chain, reduce debt, and improve competitiveness, including a...