Steelman Telecom Limited has announced a private placement to issue 1,000,000 fully convertible warrants on Preferential basis at a issue price of INR 171 per warrant for a gross proceeds INR 17,000,000 ON December 11, 2023. The transaction included participation from Mahendra Bindal to subscribe 200,000 warrants, Mayank Bindal to subscribe 200,000 warrants, Bhagyoday Oil Industries to subscribe 100,000, Laxmi Devi Jhunjhunwala to subscribe 200,000 warrants, Pooja Vivek Jalan to subscribe100,000 warrants, Navyarth Capital Advisors Private Limited to subscribe 100,000 warrants, Mohit Baser to subscribe 50,000 warrants and Anshul Baser to subscribe 50,000 warrants.