Jump Networks Ltd board approves proposal to raise up to Rs. 60 crores

The board of directors of Jump Networks Ltd at its meeting held today, i.e., July 31, 2021 has approved the proposal to raise up to Rs. 60,00,00,000 (Rupees Sixty Crores only) through preferential allotment / private placement by issue of up to 5,00,00,000 (Five Crores only) Convertible Equity warrants with each warrant convertible into one equity share of Rs. 5/- (Rupees Five only) each to non-promoters, subject to the approval of members.

Shares of Jump Networks Ltd. was last trading in BSE at Rs. 9.9 as compared to the previous close of Rs. 9.97. The total number of shares traded during the day was 236642 in over 410 trades.

The stock hit an intraday high of Rs. 10.15 and intraday low of 9.79. The net turnover during the day was Rs. 2352572.

Source : Equity Bulls

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