India-listed Jetking Approves Private Placement of 460,000 Shares to Expand Bitcoin Strategy
- Jetking approves second equity raise of the year, targeting ₹11.5 crore.
- Funds will be used for Bitcoin purchases, corporate operations, and training.
- The move follows April’s ₹6.6 crore raise and earlier 12 Bitcoin acquisition.
Jetking Infotrain Ltd. a 77-year-old Indian IT training company, is doubling down on its Bitcoin strategy, announcing a new ₹11.5 crore (~$1.34 million) equity issue to support its expanding Bitcoin treasury and blockchain education initiatives.
On July 21, the company’s board approved a preferential allotment of 460,000 equity shares at ₹250 each to selected non-promoter investors. This is their second and by far the largest funding this year, to deepen its digital asset strategy.
Jetking Moves Deeper into Bitcoin Strategy
According to CFO Siddarth Bharwani, the proceeds will be used to expand the company’s Bitcoin holdings, cover general operational expenses, and scale blockchain education and skill development programs. The offering complies with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013, and remains subject to regulatory and shareholder approvals.
While the company’s management structure rem…
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India-listed Jetking Approves Private Placement of 460,000 Shares to Expand Bitcoin Strategy
- Jetking approves second equity raise of the year, targeting ₹11.5 crore.
- Funds will be used for Bitcoin purchases, corporate operations, and training.
- The move follows April’s ₹6.6 crore raise and earlier 12 Bitcoin acquisition.
Jetking Infotrain Ltd. a 77-year-old Indian IT training company, is doubling down on its Bitcoin strategy, announcing a new ₹11.5 crore (~$1.34 million) equity issue to support its expanding Bitcoin treasury and blockchain education initiatives.
On July 21, the company’s board approved a preferential allotment of 460,000 equity shares at ₹250 each to selected non-promoter investors. This is their second and by far the largest funding this year, to deepen its digital asset strategy.
Jetking Moves Deeper into Bitcoin Strategy
According to CFO Siddarth Bharwani, the proceeds will be used to expand the company’s Bitcoin holdings, cover general operational expenses, and scale blockchain education and skill development programs. The offering complies with SEBI (ICDR) Regulations, 2018, and the Companies Act, 2013, and remains subject to regulatory and shareholder approvals.
While the company’s management structure rem…
The post India-listed Jetking Approves Private Placement of 460,000 Shares to Expand Bitcoin Strategy appeared first on Coin Edition.
Read More
A Beginner’s Guide to Cryptocurrency and Why It Matters