Jetking Infotrain Ltd, an IT training and education company, on May 28 said it has raised Rs 6.1 crore through preferential issue to equity shares -- to purchase Bitcoins.
"The Company has allotted 3,96,156 equity shares of face value Rs 10 each at an issue price of Rs 154 per share (including a premium of Rs 144 per share), aggregating to Rs 6.1 crore," said the company in an exchange filing.
"The Company has utilized the capital raised to acquire virtual digital assets i.e., Bitcoin, in line with the approved object of preferential issue," it added.
Founded in 1947 as Jetking Electronics, the company initially focused on electronic goods trading. It later transitioned into training services and became publicly listed on the Bombay Stock Exchange in 1986.
As of March 31, 2025, the company held 15.02 Bitcoins on its balance sheet, it said.
Subsequent to the preferential issue and through deployment of both the issue proceeds and internal accruals
from operating cash flows, the company has further increased its Bitcoin holdings, it said.
"As of May 28, 2025, the company holds 21 Bitcoins, acquired at an average purchase price of Rs 64.65 lakh," it said.
On May 29, Jetking Infotrain's shares on BSE closed 2% higher at Rs 133.6 apiece. Its market capitalisation is nearly Rs 7,900 crore.
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