Steel Exchange India allotted 4.4 crore convertible warrants at ₹9.45 each, raising ₹10.40 crore on 25% payment.
The company converted 2.83 crore existing warrants issued at ₹14.10 into equity shares, receiving ₹29.92 crore balance payment.
These transactions totaling ₹40.32 crore aim to strengthen capital structure and support operational expansion.
Management stated the capital infusion enhances financial flexibility for scaling operations and pursuing growth opportunities.