India's OnMobile Global soars as promoter offloads stake

WINPRO INDUSTRIES

16/09/2019 08:03

** Shares of mobile entertainment provider OnMobile Global
Ltd  ONMO.NS  climb 20% to 39.15 rupees, highest since May 31
    ** Promoter OnMobile Systems Inc has entered into a deal to
sell its 48.18% stake in co to media broadcaster Jump Networks
Ltd  JUMP.NS  at 75.5 rupees to 78 rupees per share, co said https://www.bseindia.com/xml-data/corpfiling/AttachLive/71b21734-020f-4531-abd1-b284da5a99e1.pdf
 on Saturday
    ** OnMobile Global shares mark sharpest intraday jump since
November 2015; more than 234,000 shares change hands, vs 30-day
moving avg of 79,866 shares
    ** Stock down 11.8% year-to-date
    ** Jump Networks falls 1.1% in a broader market  .NSEI  that
is down 0.7% 

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))