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AiCoin
AiCoin|Sep 28, 2025 00:35
[Bombay Stock Exchange Rejects Jetking Infotrain's Listing Application Due to Digital Asset Investment Plan] The Bombay Stock Exchange (BSE) has rejected the listing application of IT training company Jetking Infotrain, citing its plan to allocate approximately 60% of the raised funds for investment in digital assets. The company had initially planned to raise over 600 million rupees through an IPO, with the primary funds intended for purchasing Bitcoin. In response, Jetking Infotrain stated that it is assessing the situation and considering filing an appeal with the Securities Appellate Tribunal. This decision highlights India's current regulatory stance, which allows companies to invest internal profits in crypto assets but prohibits raising public funds specifically for such investments. Due to speculative risks and the lack of clear fund management guidelines, this marks the first case in India where a company has been denied listing by an exchange because of a digital asset investment plan.
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