On January 19, 2024, Ganga Pharmaceuticals Limited closed the transaction. The company has now issued 775,000 Equity shares at issue price of INR 14 for gross proceeds of INR 10,850,000 and 1,775,000 convertible warrants at issue price of INR 3.5 per warrant for gross proceeds of 6,212,500; for total gross proceeds of INR 17,062,500. The transaction has been approved by the shareholders of the company.