Steel Exchange India to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest INR 300 Cr

Steel Exchange India Limited (SEIL) is set to raise INR 350 Crores via a preferential issue. The IMR Group, a leading international metals and mining conglomerate, will invest INR 300 Crores in SEIL through subscription to share warrants. This investment will be made through IMR’s Indian entities — India Coke and Power Private Limited (ICPPL) and IMR Steel Private Limited (ISPL). The capital infusion will strengthen SEIL’s operations, optimize its debt structure, and position the company for accelerated growth. IMR will leverage its global sourcing capabilities for critical raw materials to enhance SEIL’s operational efficiency, supply chain security, and competitiveness.