Jump Networks Limited announced a private placement of up to 5,00,00,000 warrants at a price of INR 12 per warrant for gross proceeds of INR 60,00,00,000 on July 31, 2021. Out of the total gross proceeds, 25% of the gross proceeds will be received upon closing of the transaction which is equal to INR 15,00,00,000 and the rest upon its exercise into equity shares of INR 5 each, subject to approval of the members of the company. The transaction will include participation from non-promoters, Vinod Rataanshi Diwani, Hemal Mehta, Sanjit Lamba, Aparna Nishant Rajgarhia, Abdul Rafik Mansori, Balaji Gulab Shinde, Aditya Prakash Patel, Dharmesh Girish Doshi, Krishan Kumar, Jagdish Miglani, Nishant Rajkumar Raj Garhia and Riddhi Anilkumar Agrawal on a preferential allotment basis. The transaction has been approved in the meeting of the Board of Directors of the company.