Steel Exchange India has secured a Rs 350 crore refinancing facility from a consortium of financial institutions, including Kotak Mahindra Investments and Oxyzo Financial Services. The company has already received Rs 150 crore for prepaying high-cost non-convertible debentures and loans, while the remaining Rs 200 crore will be used to acquire outstanding NCDs. This refinancing aims to reduce interest burdens and support growth.
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