Jump Networks Limited announced a private placement of up to 44,000,000 warrants at a price of INR 12 per warrant for gross proceeds of INR 528,000,000 on September 17, 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 132,000,000 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 for 5,850,000 warrants, Hemal Mehta for 5,500,000 warrants, Sanjit Lamba for 3,850,000 warrants, Aparna Nishant Rajgarhia for 3,700,000 warrants, Abdul Rafik Mansori for 2,450,000 warrants, Balaji Gulab Shinde for 2,000,000 warrants, Aditya Prakash Patel for 6,250,000 warrants, Krishan Kumar for 4,200,000 warrants, Jagdish Miglani for 4,000,000 warrants, Nishant Rajkumar Rajgarhia for 3,500,000 warrants, Riddhi Anilkumar Agrawal for 2,700,000 warrants on a preferential allotment basis.