On March 16, 2023, Pritika Auto Industries Limited closed the transaction. The company amended the terms of the transaction. The company issued 8,500,000 fully convertible warrants at an issue price of INR 4.75 per warrant for a gross proceeds of INR 76,000,000.

The transaction included participation from Healthy Biosciences Private Ltd for 800,000 warrants, Zenith Multi Trading Dmcc for 2,500,000 warrants, Tano Investment Opportunities Fund, a fund managed by Tano Capital LLC for 8,500,000 warrants, individual investors, Ramesh Sakharampant Deshpande for 2,000,000 warrants, Sneha Sadhwani for 2,000,000 warrants, Mahendra Otwani for 100,000 warrants and Akash Deep Tyagi for 100,000 warrants. The transaction has been given in-principle approval by the National Stock Exchange of India Limited and Bombay Stock Exchange. The company will issue 75,00,000 INR 35,625,000.

these warrants allotted on preferential basis shall be locked-in for specified period in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.