By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Indian Stock Exchange Rejects Crypto Treasury Company Listing – Details
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Crypto > Indian Stock Exchange Rejects Crypto Treasury Company Listing – Details
Crypto

Indian Stock Exchange Rejects Crypto Treasury Company Listing – Details

By admin 4 Min Read
Share
SHARE

Contents
Crypto Investments Not Suitable For Publicly Raised Capital: BSEJetking To Appeal BSE Rejection?
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Bombay Stock Exchange (BSE) in India has reportedly rejected the public listing of Jetking Infotrain, an IT training company, on the grounds of intended capital use for crypto investment. This decision comes amid a flurry of digital asset treasury companies worldwide.

Crypto Investments Not Suitable For Publicly Raised Capital: BSE

In a report by local Indian media, Economic Times, the BSE barred Jetking Infotrain from publicly listing its shares, citing the exchange’s investment policy around cryptocurrency. On May 9, 2025, Jetking received an in-principle approval from the BSE to raise funds via a share issue. 14 days later, the company’s board approved the issuance of 396,000+ shares, raising over ₹6 crore, i.e $720,000. 

In its application with the BSE, Jetking stated the new capital would be targeted towards general corporate uses, education and skill development, and investments in virtual digital assets (VDAs). However, a significant ₹3.96 crore ($475,000), i.e, 60% of the raised funds, was targeted at crypto investments. 

It is worth noting that Jeking currently has some digital assets on its balance sheets, as Indian companies are allowed to invest in cryptocurrencies similar to mutual funds, securities, etc. However, the BSE has strongly opted against raising public capital for this purpose, as indicated by its rejection of Jetking’s listing.

A statement from a BSE spokesperson read:

We had processed the application in the normal course as per extant norms. Final approval was kept on hold to take up the issue of fund raise for investment in VDA at the policy level with the Regulator. Subsequently, as per the revised norms, a decision was taken to reject the application.

The BSE is considered the oldest Asian exchange and the second largest in India by trading volume after the National Stock Exchange of India. Notably, the recent BSE’s decision in rejecting Jetking’s public listing is likely to threaten the rise of crypto treasury companies in India. 

By virtue of their operations, crypto treasury firms such as Strategy in the US, Next Technology Holding in China, leverage their status as publicly listed companies to access capital markets, raising funds through equity or debt offerings that are subsequently deployed into digital assets.

Jetking To Appeal BSE Rejection?

Following this development, Jetking Co-Managing Director and Chief Financial Officer Siddharth Bharwani has stated the company is considering all appropriate responses to the BSE’s decision, including a potential appeal at the Securities Appellate Tribunal. 

Notably, cryptocurrencies are not illegal investments in India but are considered intangible assets in that they are not securities or legal tender. 

India
Total crypto market cap valued at $3.72 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Flickr, chart from Tradingview

Editorial Process for is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

You Might Also Like

Bitcoin’s institutional surge widens trillion-dollar gap with altcoins

Best Presales Live News Today: Latest Updates on Early Crypto Projects with 10x Potential (October 24)

DeFi Security Crisis: Bunni DEX Folds After Major Exploit, Leaving Users Empty-Handed

US energy secretary floats faster direct grid access for AI and crypto miners

Bitcoin climbs to $111K as a pardon for Binance’s ‘CZ’ fuels a broad crypto rally

TAGGED: Crypto, Crypto News, News
Share This Article
Facebook Twitter Copy Link
Previous Article Zelensky condemns 'vile' Russian strikes lasting 12 hours
Next Article The hidden force behind Bitcoin and Ether price swings: Options expiry
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Fallout 76: Burning Springs Update is Out on December 2, PS5, Xbox Series X/S Versions Set For 2026
Gaming News
Paytm and Vedanta emerge as top buys amid sectoral rotation and profit booking: CA Rudramurthy BV
Business
Bitcoin’s institutional surge widens trillion-dollar gap with altcoins
Crypto
Best Presales Live News Today: Latest Updates on Early Crypto Projects with 10x Potential (October 24)
Crypto
Self-Spreading ‘GlassWorm’ Infects VS Code Extensions in Widespread Supply Chain Attack
Tech News
Girls in Single-Sex Schools Face Major STEM Access Gap
Tech News
European lawmakers call for end to EU support for all Libyan security forces
World News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Fallout 76: Burning Springs Update is Out on December 2, PS5, Xbox Series X/S Versions Set For 2026

Investing £5 a day could help me build a second income of £329 a month!

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Fallout 76: Burning Springs Update is Out on December 2, PS5, Xbox Series X/S Versions Set For 2026
October 24, 2025
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?