Mahamaya Steel to raise ₹100 crore via private placement

Mahamaya Steel to raise ₹100 crore through private placement. The funds will be utilized for general corporate purposes and debt reduction. The board approved the issuance of non-convertible debentures to qualified institutional buyers. The move strengthens liquidity but may dilute equity slightly.
📊 STOCKS: $MAYURASTL | 🏢 SECTOR: CapitalMarkets | #MEDIUMIMPACT #Fundraising