On July 15, 2023, AVG Logistics Limited, closed the transaction. The company issued 850,000 convertible warrants to promoters at an issue price of INR 55.65 per warrant for gross proceeds of INR 47,302,500, and up to 625,000 convertible warrants to non-promoters at an issue price of INR 55.65 per warrant for gross proceeds of INR 34,781,500, for aggregate gross proceeds of INR 82,083,750. The transaction included participation from returning investor, Sanjay Gupta for 850,000, new investor, Ankit Jain for 1,40,000, Rajiv Mehta HUF for 1,00,000, Ahanna Bhatia for 50,000, Bhawna Bhatia for 50,000, M A International for 1,00,000, Noida Holdings Private Limited for 25,000, Sukeerti Arya for 50,000, Archna Khatri for 1,00,000, Savita A Desai for 10,000.