Express
Indian Listed Company Jetking Approves Private Placement of 460,000 Shares to Increase Bitcoin Holdings and Expand Education Business
Summary: According to NLNico, the Indian listed company Jetking's board of directors has approved a private placement of shares to expand its Bitcoin reserve business. The financing will be completed by issuing 460,000 common shares to specific non-controlling shareholders at a price of 250 Indian Rupees per share (including a face value of 10 Rupees and ...
According to NLNico, the Indian listed company Jetking's board of directors has approved a private placement of shares to expand its Bitcoin reserve business. The financing will be completed by issuing 460,000 common shares to specific non-controlling shareholders at a price of 250 Indian 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 business operations, and promote Bitcoin-related education, training, and skill development. The company's management will remain unchanged, but there may be adjustments to the ownership structure.
Tags:
Link: Indian Listed Company Jetking Approves Private Placement of 460,000 Shares to Increase Bitcoin Holdings and Expand Education Business [Copy]
