Jetking, a publicly traded Indian firm, has secured board approval for a private placement aimed at bolstering its Bitcoin reserve operations, as reported by Mars Finance and monitored by NLNico. The company plans to issue 460,000 common shares to select non-controlling investors at a price of 250 rupees per share, comprising a 10-rupee face value and a 240-rupee premium, targeting a capital raise of 115 million rupees.
This capital infusion aligns with SEBI’s ICDR Regulations 2018 and the Companies Act 2013, ensuring full regulatory compliance. The proceeds will strategically enhance Jetking’s Bitcoin asset base, support ongoing corporate activities, and fund initiatives in Bitcoin education, training, and skill development, reflecting a comprehensive approach to cryptocurrency integration.
While the management team remains stable, the equity distribution is expected to shift following the transaction, positioning Jetking to strengthen its foothold in the evolving digital asset landscape with a clear focus on sustainable growth and operational efficiency.