Steel Exchange India Ltd Secures Rs 350 Crores Refinance Facility at Lower Interest Rates

Steel Exchange India Limited has successfully sanctioned a refinance facility of Rs 350 crores from Kotak Mahindra Investments Limited, Oxyzo Financial Services Limited and Kotak Credit Opportunities Fund. This refinancing initiative is part of the company’s ongoing effort to optimize its capital structure, reduce borrowing costs, and improve liquidity, thereby enhancing shareholder value. The new NCDs facilities carry an interest rate reduction of approximately 5.50 % compared to the previous borrowing cost of 18.75% per annum, resulting in substantial savings of finance costs. The revised terms include extended repayment tenure of 5 years from the date of sanction i.e. up to September 2030. Out of the total sanctioned facilities of Rs. 350 crores, Rs. 150 crores has already been disbursed and the balance of Rs. 200 crores shall be disbursed on or before 10th October 2025.