On September 8, 2015, Mobile Telecommunications Ltd. closed the transaction. The company issued 20,451,178 shares for gross proceeds of INR 77,714,476.4. The transaction included participation from Fairson Holdings (BVI) Limited for 8,376,316 shares and Sun Fair Electric Wire & Cable (HK) Company Limited for 12,074,862 shares. The company announced that the transaction has been approved by the board of directors of the company at its Board Meeting.