Bombay Stock Exchange bars crypto-linked firm from listing
The Bombay Stock Exchange (BSE) has rejected a company’s application for listing its shares. According to reports, the firm raised funds through a preferential stock offering to invest a bulk of the funds in cryptocurrencies, which is why the stock exchange barred its listing.
In its statement, the Bombay Stock Exchange (BSE) mentioned that “the policy on investment in virtual digital assets (VDAs) is under review and till a final view emerges, we would not be able to process the applications of this nature”. The company in question, Jetking Infotrain, engages in IT training. The firm had initially gotten an in-principle approval from the BSE on May 9, after the board passed a resolution on May 23 for allotment of more…
