On December 9, 2023, Trans India House Impex Limited closed the transaction. The company announced that it has issued 18,626,000 convertible equity warrants for gross proceeds of INR 93,130,000. The transaction will include participation from Mayank Suresh Jolly for 1,500,000 warrants; Irfan Abdulrahimbhai Qureshi for 1,500,000 warrants; Harsh Kalpeshbhai Raval for 300,000 warrants; Abdulkadar Abubakar Chugda for 300,000 warrants; Hitendra Ratilal Joshi for 100,000 warrants; and Kinjal Manan Dhakan for 100,000 warrants.