Jump Networks Limited announced that it expects to receive INR 2 billion in funding from Jump Networks Inc, USA, Arnold Holdings Ltd., Prabhat Technologies Limited, Vee Three Informatics Ltd, Esaar Limited, Prabhat Renewable Energy Private Limited, and other investors

Jump Networks Limited (BSE:531337) announced a private placement of up to 30,000,000 equity shares for gross proceeds of up to INR 2,000,000,000 on October 28, 2020. The company will issue shares on a preferential basis. The transaction will include participation from Harshawardhan Sabale, Jump Networks Inc, USA, Arnold Holdings Ltd. (BSE:537069), Prabhat Technologies (India) Limited (BSE:540027), Vishwamani Tiwari, Prabha Tiwari, ParagMalde, Vee Three Informatics Ltd, Esaar (India) Limited (BSE:531502), Prabhat Renewable Energy Private Limited, and Mayukh Dealtrade Limited (BSE:539519).

The transaction has been approved by the board of directors of the company.