Jump Networks enters into share purchase agreement with OnMobile Systems
16th Sep 2019

Jump Networks has entered into a share purchase agreement 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.

Jump Networks will purchase 19,000,000 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.

Jump Networks operates in the media and entertainment sector in India. It engages in producing, distributing, broadcasting, marketing, and recording television programs; and informing and entertaining through the medium of television.