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The latest announcement is out from Steel Exchange India Limited ( (IN:STEELXIND) ).
Umashiv Garments Private Limited has disclosed changes in the encumbrance of shares in Steel Exchange India Limited as per SEBI regulations. The company released a pledge on 1.17% of its shares to repay a loan and simultaneously created a new pledge on the same percentage of shares as collateral for loans taken by the company or its group companies. This strategic move indicates a shift in financial management and could impact the company’s leverage and stakeholder interests.
More about Steel Exchange India Limited
Steel Exchange India Limited operates in the steel industry, focusing on the production and distribution of steel products. The company is listed on both BSE Limited and the National Stock Exchange of India Limited.
Average Trading Volume: 260,435
Technical Sentiment Signal: Sell
Current Market Cap: 10.43B INR
See more data about STEELXIND stock on TipRanks’ Stock Analysis page.