On March 6, 2024, Jhaveri Credits and Capital Limited, closed the transaction. The company issued 2,522,636 at a price of INR 285 per share for the gross proceed of INR 718,951,260 and 500,000 warrants at a price of INR 71.25 per warrant for the gross proceeds of INR 35,625,000 for the total gross proceeds of INR 754,576,260 in the transaction. The warrants will be convertible into an exercise price of INR 213.75.