Jul 21, 20259934 Views
Jul 21, 2025
Jetking, India's first public company to adopt the Bitcoin standard, announced that the board of directors has approved a plan to issue additional shares aimed at expanding its Bitcoin reserve operations. The plan will issue 460,000 shares to specific non-promoters, at a price of 250 rupees per share (face value of 10 rupees + premium of 240 rupees), with a total financing scale of 1.15 billion rupees. The funds raised will be used for three purposes: acquiring Bitcoin, general corporate purposes, and Bitcoin education training and skills development. This plan complies with the Securities and Exchange Board of India (SEBI) regulations of 2018 and the Companies Act of 2013, and still requires approval from shareholders and regulatory authorities. The company's management will remain unchanged, but the ownership structure may be adjusted.
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