On April 24, 2024, Tarmat Limited closed the transaction. The company issued 9,355,260 convertible warrants at an issue price of INR 23.75 per convertible warrant for gross proceeds of INR 222,187,425. The transaction will include participation from SARAMMA JERRY VARGHESE for 150,000 warrants, JERRY VARGHESE for 700,000 warrants, DILIP VARGHESE for 700,000 warrants, Minerva Ventures Fund for 1,015,130 warrants, NAV Capital VCC - NAV Capital Emerging Star Fund for 934,870 warrants, Forbes EMF Fund for 1,040,130 warrants, AG Dynamic Funds Limited for ,1040,130 warrants, Capcom Adwisers LLP for 25,000 warrants, Amit Atmaram Shah (HUF) (Key Managerial Personnel) for 1,000,000 warrants, Faithful Vanijya Private Ltd for 1,250,000 warrants, Ferstar Trade Private Limited for 1,250,000 warrants.