Steel Exchange India Limited announced a private placement to issue 1,10,00,000 Equity Shares, by way of a preferential allotment having a face value of INR 1 each, at an issue price of INR 16.60 per Equity Shares (including a premium of INR 15.60 per Equity Shares) for an aggregate gross proceeds not exceeding INR 182,600,000 on February 14, 2024. The transaction included participation from new investors, Money seeds. The transaction is subject to shareholder's approval and obtained approval board of directors.