On June 20, 2023, Vantage Knowledge Academy Limited closed the transaction. The company issued 7,025,000 warrants for proceeds of INR 21,075,000. The company will receive 25% of the total amount, which is INR 21,075,000 at an issue price of INR 3 per warrant, as upfront payment at the time of allotment of warrants and the remaining 75% will be paid at maturity.