On February 2, 2024, JTL Industries Limited closed the transaction. The company issued 250,00,000 fully convertible warrants at a price of INR 67.5 per warrant for gross proceeds for INR 1,687,500,000. The transaction included participation from new investors Nikita Singla for 5,000,000 warrants; Rakesh Garg for 5,000,000 warrants; Dhruv Singla for 5,000,000 warrants; Pranav Singla for 5,000,000 warrants and YVS Construction Private Limited for 5,000,000 warrants.