Steel Exchange India Limited announced that at its board meeting held on 18 November 2023, approved the issuance and allotment of 1,000 secured, unlisted, redeemable, non-convertible debentures bearing a face value of INR 1,000,000 each, aggregating up to an amount of INR 1,000,000,000. Tenor: From the date of allotment until 31 March 2028. Coupon offered: 18.75% per annum payable monthly from December 2023.