Business

Steel Exchange India Ltd (SEIL) to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest 300 Cr in the Company

Steel Exchange India Ltd (SEIL) to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest 300 Cr in the Company

Mar 05, 2026

Mumbai (Maharashtra) [India], March 5: IMR Group ("IMR"), a leading international metals and mining conglomerate, today announced a strategic investment of INR 300 Crores in Steel Exchange India Limited ("SEIL") through subscription to share warrants. The investment will be made through IMR's Indian entities -- India Coke and Power Private Limited ("ICPPL") and IMR Steel Private Limited ("ISPL"). This capital infusion will strengthen SEIL's operations, optimize its debt structure, and position the company for accelerated growth -- marking a significant milestone in IMR's forward integration strategy and its expansion across India's high-growth steel sector.

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Gayatri Rubbers and Chemicals (NSE: GRCL): The Pioneer in Fire-Retardant EPDM Solutions for India's Modernized Rail Fleet

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UK Student Housing Crisis Deepens: University Living Releases 2026 UK Student Accommodation Outlook Amid Soaring Costs

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IVCA Conclave 2026 Marks 15 Years of Shaping India's Alternate Capital Ecosystem

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Ankura Hospital Partners with BharathCloud for AI and Digital Continuity to Strengthen Hyderabad's Emergency Healthcare Infrastructure

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Hyderabad (Telangana) [India], March 5: BharathCloud, a Hyderabad-based sovereign AI cloud provider,...
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This Women's Day Swap the Roses for Racetracks: Alive Launches 'Alive Gals Fest'

Mar 05, 2026

Bengaluru (Karnataka) [India], March 5: This Women's Day, Alive has announced the...

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