On November 16, 2016, Shri Krishna Prasadam Limited (BSE:537954) closed the transaction. The company issued 5,132,812 warrants at a price of INR 2.625 per warrant for gross proceeds of INR 13,473,626.25. The warrants will be exercisable at an exercise price of INR 7.875. The transaction will include participation from non-promoters Paradaiso Buildestate Private Limited for 1,250,000 warrants to acquire a 12.5% stake upon exercise, Gini Buildcon Private Limited for 1,300,000 warrants to acquire a 13% stake upon exercise, Muscari Information Technology Pvt. Ltd. for 1,350,000 warrants to acquire a 13.5% stake upon exercise, and Varotra Trading Private Limited for 1,232,810 warrants to acquire a 12.33% stake upon exercise.