Indian listed company Jetking approves a private placement of 460,000 shares to increase its Bitcoin holdings and expand its education business

ChainCatcher news, according to monitoring by NLNico, the board of directors of the Indian listed company Jetking has approved a private placement of shares to expand its Bitcoin reserve business. This financing will be completed by issuing 460,000 ordinary shares to specific non-controlling shareholders at a price of 250 rupees per share (including a face value of 10 rupees and a premium of 240 rupees), raising a total of 115 million rupees. The transaction complies with SEBI's 2018 ICDR regulations and the Companies Act 2013.

The raised funds will be used to increase Bitcoin holdings, general corporate operations, and to promote Bitcoin-related education, training, and skill development. The company's management will remain unchanged, but the equity structure may be adjusted.