House » Legislation » Bombay Inventory Replace rejects firm itemizing for crypto investments
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Sep. 27, 2025
India’s alternate crackdown highlights regulatory grey areas as corporations honest to diversify treasuries with digital resources.
List: PTI
Key Takeaways
- Bombay Inventory Replace (BSE) denied Jetking Infotrain’s itemizing since the firm deliberate to speculate 60% of raised funds in digital digital resources, mainly Bitcoin.
- Indian regulatory framework enables corporations to employ earnings for crypto purchases but no longer public fundraising for such investments.
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The Bombay Inventory Replace denied Jetking Infotrain’s itemizing application after the IT practicing firm disclosed plans to allocate around 60% of raised funds to digital digital resources as a treasury strategy.
Jetking, which deliberate to rob over ₹6 crore through part sales, meant to speculate essentially in Bitcoin using the final public fundraising proceeds. The firm acknowledged it used to be evaluating the anguish and brooding about an charm to the Securities Appellate Tribunal after BSE’s rejection.
The choice displays India’s present regulatory stance that enables corporations to buy crypto resources using within cash earnings but prohibits elevating public funds specifically for such investments. Inventory sale proceeds directed in direction of digital resources remain restricted as a consequence of speculative concerns and pending clearer tips on treasury funding.
This marks the first known case of an Indian alternate denying a itemizing explicitly over crypto treasury plans, signaling heightened scrutiny on digital digital asset-connected fundraising as rules continue evolving.
