On January 2, 2024, Rose Merc Limited closed the transaction. The company issued 260,000 equity warrants which are convertible into equity shares at an issue price of INR 6,500,000. The transaction has been approved by the shareholders of the company.

The transaction included participation from Uday Sait 50,000, Suhas Kale 50,000, Tony Lalchand Nawani 5,000, Gaurav Tripathi 25,000, Renu Khatri 15,000, Dattatray Rajaram Jadhav 50,000, Shailesh Pethe 10,000, Vijaykumar Gaurat 5,000, Atul Jain 50,000.