PANews reported on July 21 that the board of directors of Indian listed company Jetking has approved a preferential issue of shares to further expand its Bitcoin reserve operations. This financing will be conducted by issuing shares to specific non-controlling shareholders, in accordance with SEBI (ICDR) regulations of 2018 and the Companies Act of 2013. A total of 460,000 shares are planned to be issued at a price of 250 rupees per share (including a face value of 10 rupees and a premium of 240 rupees), with a total financing scale of 115 million rupees.
The raised funds will be used for Bitcoin acquisitions, general corporate purposes, and Bitcoin-related education, training, and skills development. The company's management will remain unchanged, but the equity structure may be adjusted.
