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Steel Exchange India got a ₹350 crore loan to lower costs and prepay debt, extending repayment to 2030.
Steel Exchange India secured a ₹350 crore refinancing facility from a financial consortium, reducing borrowing costs by about 5.5 percentage points and enabling ₹130 crore in projected cash flow savings by FY2028.
As of September 30, ₹150 crore was disbursed to prepay high-cost debt, including NCDs and a term loan, with the remaining ₹200 crore expected by October 10 to acquire outstanding NCDs.
The new financing extends repayment to September 2030 and improves liquidity and capital structure.
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Steel Exchange India obtuvo un préstamo de ₹ 350 crores para reducir los costos y pagar la deuda anticipadamente, extendiendo el pago hasta 2030.