On preferential basis
Steel Exchange India has allotted 2,34,60,000 unsecured 12% Compulsorily Convertible Debentures (CCDs) of Rs. 72.50 each convertible in to 2,34,60,000 shares of Rs. 10 each at a price of Rs. 72.50 per share (inclusive of a premium of Rs. 62.50 per share) on preferential basis.Further, the board also allotted 58,22,150 Convertible Warrants of Rs. 72.50 each convertible in to 58,22,150 equity shares of Rs. 10 each at a price of Rs. 72.50 per share (inclusive of premium of Rs. 62.50 per share) on preferential basis.
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