Gujarat Craft Industries Ltd. announced that it expects to receive INR 11.98 million in funding.
On February 25, 2013, the company announced that the transaction will see participation from Woodland Consultancy Services Pvt. Ltd. which will purchase 150,000 equity warrants, Indian Agrotech Limited which will purchase 100,000 equity warrants, APA Finance Limited which will purchase 150,000 equity warrants, Typhoon Financial Services Limited which will purchase 200,000 equity warrants, Ashok Kumar Chhajer who will purchase 275,000 equity warrants, Sushma Chhajer who will purchase 300,000 equity warrants, Rishab Ashok Chhajer who will purchase 400,000 equity warrants, and other investors.