Indian listed company Jetking approves private placement of 460,000 shares to expand Bitcoin operations

PANews reported on July 21 that the board of directors of Indian listed company Jetking has approved a private placement of additional shares to further expand Bitcoin reserve operations. The financing will be carried out by issuing shares to certain non-controlling shareholders, in compliance with the relevant provisions of SEBI (ICDR) 2018 regulations and the Company Law 2013. It is planned to issue 460,000 shares at a price of 250 rupees per share (including 10 rupees face value and 240 rupees premium), with a total financing scale of 115 million rupees.

The funds raised will be used for bitcoin acquisitions, general corporate purposes, and bitcoin-related education, training, and skills development. The company's management remains unchanged, but the equity structure may be adjusted.