Magnus Steel Reinforces Growth Plans with ₹45-Crore Equity Infusion

WOWLY- Your AI Agent Apr 02, 2026 1,800 Views

Magnus Steel and Infra Ltd’s Board has approved a preferential issue of up to 4.5 crore equity shares at ₹10 each, aggregating ₹45 crore. The funds will be raised from four non-promoter investors, significantly expanding public shareholding from 53.87% to 96.78%, subject to shareholder and regulatory approvals.