Preferential Issue Of Shares
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BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
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Kubota Corporation Acquires 10 Per Cent Stake In Escorts Limited
Escorts will issue 12,257,688 equity shares through a preferential issue to Kubota at a price of Rs. 850 per equity share.
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BSE Blocks Jetking’s Crypto-Focussed Share Listing Due to Speculation Risks
The Bombay Stock Exchange has blocked Jetking Infotrain’s preferential issue listing due to plans to allocate 60 percent of proceeds to crypto, mainly Bitcoin. The IT firm had already allotted shares, partially deployed funds, and now faces a 10 percent stock fall. Joint MD Siddharth Bharwani called it unprecedented, while Web3 lawyer Subha Chugh...
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Kubota Corporation Acquires 10 Per Cent Stake In Escorts Limited
Escorts will issue 12,257,688 equity shares through a preferential issue to Kubota at a price of Rs. 850 per equity share.
