Jetking Approves ₹115 Million Private Placement to Expand Bitcoin Reserve Business in India
Main Idea
Jetking, an Indian firm, has approved a ₹115 million private placement to expand its Bitcoin reserve and support operational activities.
Key Points
1. Jetking plans to issue 460,000 common shares at ₹250 per share to raise ₹115 million.
2. The share price includes a ₹10 face value and a ₹240 premium.
3. The capital raise complies with SEBI’s ICDR Regulations 2018 and the Companies Act 2013.
4. Proceeds will be used to enhance Jetking’s Bitcoin asset base and support skill development and operational efficiency.
Description
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