Business Standard

Tuesday, December 24, 2024 | 11:13 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Jump Networks to acquire 1.90 cr shares of OnMobile

Image

Capital Market

Enters into share purchase agreement on 13 September 2019

Jump Networks (JUMPNET) has entered into a share purchase agreement dated 13 September 2019 (the "SPA Date") with OnMobile Systems Inc. (OMSI) - the Promoter of OnMobile Global (ONMOBILE) - that currently holds 48.18% of the total issued and paid-up share capital of ON MOBILE.

JUMPNET will purchase 1,90,00,000 equity shares of ONMOBILE at a price ranging between Rs 75.50 per equity share to Rs 78.00 per equity share (the "Share Purchase Agreement"). This sale is expected to be conducted within 75 days from the SPA Date and is subject to the conditions set out in the Share Purchase Agreement.

 

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 16 2019 | 9:21 AM IST

Explore News