Home / Business and Economy / Steel Exchange India Bags Rs 75 Cr Funding
Steel Exchange India Bags Rs 75 Cr Funding
21 Apr
Summary
- Steel Exchange India received Rs 75 crore in funds.
- Investment came from India Coke and Power, IMR Group.
- This is part of a larger Rs 350 crore fundraising plan.
Steel Exchange India has recently acquired Rs 75 crore through a preferential issue of convertible warrants. The funds were contributed by India Coke and Power and IMR Steel, a prominent entity within the international metals and mining sector's IMR Group.
This financial injection represents a portion of Steel Exchange India's ambitious plan to raise a total of Rs 350 crore. The company's Board of Directors gave their approval for this strategic fundraising endeavor on March 4, 2026, signaling a commitment to future growth and development.
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