- Jetking raises ₹6.6 Cr to boost Bitcoin treasury and blockchain education efforts.
- 4,28,622 shares to be issued at ₹154 each under SEBI-compliant preferential allotment.
- Funds will support digital asset acquisition, corporate growth, and skill development.
Jetking Infotrain Ltd. has taken a bold step toward digital transformation by announcing a ₹6.6 crore strategic fund raise. The move was confirmed by Joint Managing Director and CFO Siddarth Bharwani in an X post on Wednesday. The capital is aimed at accelerating the company’s entry into the Virtual Digital Asset (VDA) space and focuses primarily on Bitcoin acquisition and blockchain-based education initiatives.
Board Approves Share Issuance
The board also approved the issue of 4,28,622 equity shares at ₹154 each to the shareholders of Bangalore Minerals. This consists of a nominal value of ₹10 and an issue price of ₹144 per share, which shows the confidence of the investors in the business model of Jetking. These shares are also offered at a discount to the regular price and are available to all members of the Promoter Group, but also to investors, who are not categorized as promoters.
Bharwani stated that Jetking has complied with all relevant standards to ensure that the share issue would meet all legal requirements. This ranges from compliance with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations, 2018, and provisions of the Companies Act 2013.
The capital raise is subject to both shareholder and regulatory approvals. Once cleared, the company will begin allocating the funds toward its new strategic objectives. A significant portion of the raised capital will be directed towards acquiring Virtual Digital Assets. This marks Jetking’s serious foray into the world of digital finance, particularly Bitcoin. The remaining funds will be used for general corporate purposes and to strengthen the company’s educational offerings.
Jetking plans to expand its training modules in Bitcoin and blockchain technologies. The goal is to equip students and professionals with future-ready digital skills. Siddarth Bharwani emphasised that the current management structure will remain unchanged. However, the shareholding pattern may experience minor shifts following the new share issuance.
Related: Sony Singapore Now Accepts USDC Payments via Crypto.com
Adapting to Digital Trends
This is regarded as a major deviation in the affairs of Jetking from its core business of providing IT and Networking education services. This way, the company is adapting itself to advanced trends and positioning itself as a prospective employer in the growth of the digital workforce.
Since its inception, the demand for blockchain and cryptocurrency learning has only been growing, and Jetking seeks to be among the pioneers of this trend. The fundraising is primarily anticipated to be used to boost this changeover. Industry observers are watching closely to see how the plan unfolds while Jetking’s strategic fund-raise could shape its future role in India’s digital economy.
