Latest news with #JetkingInfotrain
Economic Times
30-05-2025
- Business
- Economic Times
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.05 %) Buy XRP 191.62 ( -1.24 %) Buy BNB 57,865 ( -1.36 %) Buy Bitcoin 9,040,602 ( -1.64 %) Buy Ethereum 224,962 ( -1.73 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
Time of India
30-05-2025
- Business
- Time of India
Jetking Infotrain invests in Bitcoin: A bold move in India's crypto landscape
Jetking also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve asset. Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised ₹6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at ₹13.6 crore. Tired of too many ads? Remove Ads Crypto TrackerPowered By TOP COINS TOP COIN SETS Tether 85.36 ( -0.06 %) Buy XRP 191.86 ( -1.22 %) Buy BNB 57,647 ( -1.78 %) Buy Ethereum 2,24,687 ( -1.81 %) Buy Bitcoin 90,27,169 ( -1.91 %) Buy Mumbai: In a rare instance, Jetking Infotrain , a Mumbai-based firm in the business of IT hardware training, raised money through a share sale to buy virtual digital asset Wednesday, the company with a market value of ₹79 crore informed exchanges that it had completed a preferential issue of shares , raising ₹6.10 crore by allotting 3.96 lakh shares at ₹154 each. The company did not disclose to whom it sold the shares. Jetking said it deployed the entire corpus and used its cash to buy the shares rose 2% to close at ₹ of March 31, 2025, the company held 15.02 bitcoins on its balance sheet. As of May 28, 2025, the company holds 21 bitcoins acquired at an average purchase price of ₹64.6 lakh, valuing it at ₹13.6 listed firms stick to traditional investments. Jetking's move echoes the bold treasury strategies of US firms like Tesla, but is unheard of in India's stringently regulated, crypto-cautious environment."A company is also a legal entity, can invest in bitcoins, as long as they are disclosing it properly and upfront to the exchanges their purpose of raising money via preferential issue," said Shriram Subramanian, founder and MD of InGovern Research also held approximately ₹2.2 crore worth of Ethereum as of March 31, 2024. In December 2024, the company said it formally adopted bitcoin as its primary treasury reserve reported net sales of ₹5.4 crore for the March 2025 quarter, as against ₹4.4 crore in the same quarter last year. The company posted a net loss of ₹1.3 crore as against a ₹0.6 crore loss recorded in March 2024.
Business Standard
29-05-2025
- Business
- Business Standard
Jetking Infotrain acquires 21 Bitcoins after raising funds via preferential issue
Jetking Infotrain announced that it has successfully completed a preferential allotment of equity shares, raising Rs 6.10 crore. The funds have been fully deployed towards the acquisition of virtual digital assets, specifically Bitcoin, in line with the stated objective of the issue. According to the regulatory filing, the company allotted 3,96,156 equity shares at Rs 154 per share (including a Rs 144 premium), under the preferential route approved by its board and shareholders. The proceeds, along with internal accruals, were used to expand Jetking's crypto holdings. As of 28 May 2025, the company holds 21 Bitcoins, purchased at an average price of Rs 64.65 lakh each. This marks a sharp increase from the 15.02 Bitcoins recorded on its balance sheet as of 31 March 2025. Shares of Jetking Infotrain were up 2% at Rs 133.60 on the BSE. The company's current market capitalisation stood at Rs 78.92 crore on the BSE. Mumbai-based Jetking Infotrain is engaged in the business of "IT training in hardware, networking and digital courses". On a consolidated basis, Jetking Infotrain reported net loss of Rs 1.30 crore in Q4 March 2025 as against net loss of Rs 1.41 crore in Q4 March 2024. Net sales rose 25.06% YoY to Rs 5.44 crore in Q4 March 2025.
Mint
29-05-2025
- Business
- Mint
This little-known mulitbagger micro-cap stock just raised ₹6 crore via preferential shares to buy BITCOINS!
In the rare instance of the world of crypto investing intersecting with Dalal Street, a little-known multibagger micro-cap company — Jetking Infotrain — used the funds it raised from stock market investors to buy bitcoins. Jetking Infotrain informed the exchanges on May 28 that the ₹ 6 crore it raised through a preferential issue has been utilised to buy the world's largest crypto token, Bitcoin. As part of its fundraising plan, the micro-cap firm, having a market capitalisation of just ₹ 79 crore, raised ₹ 6.10 crore via allotment of 3,96,156 equity shares at a price of ₹ 154 each. The company stated that the capital raised was used to acquire virtual digital assets (i.e., Bitcoin), in line with the approved objectives of the preferential issue. The company said as of March 31, 2025, it held 15.06 Bitcoins. "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," the microcap company told exchanges. With this, it now holds 21 Bitcoins, acquired at an average purchase price of ₹ 64.65 lakh, amounting to ₹ 13.57 crore. Bitcoin was trading at $108,778 today, with a market capitalisation of $2.16 trillion, according to data available on Coin MarketCap. Jetking Infotrain stock tends to move in upper and lower circuits. In most sessions during May, the stock has either been locked in the 2% upper circuit or a 2% lower circuit. In trade today, May 29, the micro-cap stock was locked in the 2% upper circuit at ₹ 133.60 on the BSE. This was the second straight day of gains for the stock. Prior to this, Jetkind Infotrain's share price was stuck in the lower price band for seven straight sessions. In the last one year, Jetking Infotrain has emerged to be a multibagger stock, rising 143%. The stock sees low volumes, with the two-week average traded quantity on BSE of just 5900 shares. Today, 4156 shares of Jetking Infotrain changed hands. Jetking Infotrain Ltd is engaged in the business of IT Training in Hardware, Networking and Digital courses.
Mint
29-05-2025
- Business
- Mint
This little-known mulitbagger micro-cap stock just raised ₹6 crore via preferential shares to buy BITCOINS!
In the rare instance of the world of crypto investing intersecting with Dalal Street, a little-known multibagger micro-cap company — Jetking Infotrain — used the funds it raised from stock market investors to buy bitcoins. Jetking Infotrain informed the exchanges on May 28 that the ₹ 6 crore it raised through a preferential issue has been utilised to buy the world's largest crypto token, Bitcoin. As part of its fundraising plan, the micro-cap firm, having a market capitalisation of just ₹ 79 crore, raised ₹ 6.10 crore via allotment of 3,96,156 equity shares at a price of ₹ 154 each. The company stated that the capital raised was used to acquire virtual digital assets (i.e., Bitcoin), in line with the approved objectives of the preferential issue. The company said as of March 31, 2025, it held 15.06 Bitcoins. "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," the microcap company told exchanges. With this, it now holds 21 Bitcoins, acquired at an average purchase price of ₹ 64.65 lakh, amounting to ₹ 13.57 crore. Bitcoin was trading at $108,778 today, with a market capitalisation of $2.16 trillion, according to data available on Coin MarketCap. Jetking Infotrain stock tends to move in upper and lower circuits. In most sessions during May, the stock has either been locked in the 2% upper circuit or a 2% lower circuit. In trade today, May 29, the micro-cap stock was locked in the 2% upper circuit at ₹ 133.60 on the BSE. This was the second straight day of gains for the stock. Prior to this, Jetkind Infotrain's share price was stuck in the lower price band for seven straight sessions. In the last one year, Jetking Infotrain has emerged to be a multibagger stock, rising 143%. The stock sees low volumes, with the two-week average traded quantity on BSE of just 5900 shares. Today, 4156 shares of Jetking Infotrain changed hands. Jetking Infotrain Ltd is engaged in the business of IT Training in Hardware, Networking and Digital courses. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
