On March 28, 2024, Rajvi Logitrade Limited closed the transaction. The company announced that issued 8,690,976 warrants at a price of INR 2.5 per warrant for gross proceeds of INR 21,727,440. The warrants will be convertible into one common share of the company at INR 7.5 per share and will mature in 18 months from the date of the allotment.

The securities will be issued on preferential basis. The transaction has been approved by the board of directors of the company. The transaction included participation from new investors Umaba Narendrasinh Rana for 582,900 warrants, Bhavya Narendrasinh Rana for 582,900 warrants, Jagruti Maulin Acharya for 1,072,300 warrants, Rajvi Maulin Acharya for 1,072,300 warrants, Khushi Maulin Acharya for 1,072,300 warrants, Shaan Maulin Acharya for 1,072,300 warrants, Maulin Bhavesh Acharya for 1,072,300 warrants, Jagdish Gangdasbhai Dodia for 97,200 warrants, Jagruti Jagdishbhai Dodia for 97,200 warrants, Krunal Jagdishbhai Dodia for 97,200 warrants, Parth Jagdishkumar Dodia for 97,200 warrants, Jagdish G Dodia for 97,200 warrants, Polus Global Fund for 993,325 warrants, COEUS Global Opportunities Fund for 684,301 warrants.