On November 17, 2023, Thomas Scott (India) Limited closed the transaction. The company has issued 29,17,500 convertible warrants on preferential basis at an issue price of INR 20.25 per warrant for the gross proceeds of INR 59,079,375 in its second tranche closing. The transaction included participation from new individual investors Vandana Bang for 12,00,000 warrants, Avisha Jiten Shah for 30,000 warrants, Mohit Khullar for 7,00,000 warrants, Heman Modi for 50,000 warrants, Madhu Sharma for 1,50,000 warrants, Premal Mukundbhai Shah for 4,00,000 warrants, Rajendra Kumar Sharma for 1,00,000 warrants, Shruti Brijpal Maheshwari for 30,000 warrants, Sarita Rathi for 60,000 warrants, Anuddin Khan for 50,000 warrants, Yash Sanjay Sharma for 54,000 warrants, Mr. Prashant Sharma for 33,500 warrants and KetanKumar SatishChandra Parikh for 60,000 warrants.