CoinVoice has recently learned that, according to monitoring by NLNico, the board of directors of 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 shares of common stock to specific non-controlling shareholders at an issue price of 250 rupees per share (including a face value of 10 rupees and a premium of 240 rupees), with a total fundraising amount reaching 115 million rupees. This transaction complies with SEBI's 2018 ICDR Regulations and the relevant provisions of the Companies Act 2013.

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