Sharyans Resources Limited announced that it has received INR 187.50 million in funding.
On the same day, the company received approval from the board of directors for the transaction.
On December 19, 2012, the shareholders approved the transaction by means of the postal ballot. As part of the transaction, the company resolved that it will issue 2,500,000 shares to Pishu V Chainani.
On January 3, 2013, Sharyans Resources Limited. closed the transaction.