Onward Suppliers Private Limited agreed to acquire 50% stake in Shivkrishna Vincom Private Limited from Uma Exports Limited (NSEI:UMAEXPORTS) for INR 1.3 million on March 21, 2024. The consideration consists of INR 1.30 million in cash. As part of the consideration, INR 1.30 million was paid towards common equity.

As of March 31, 2023, Shivkrishna Vincom Private Limited reported net worth of 26 million. The deal has been approved by board of directors of Uma Exports Limited.