Unicommerce eSolutions Limited completed the acquisition of remaining 57.24% stake in Shipway Technology Pvt. Ltd. from Vikas Garg, Gaurav Gupta, and Puneet Gupta.
Unicommerce eSolutions Limited (NSEI:UNIECOM) agreed to acquire remaining 57.24% stake in Shipway Technology Pvt. Ltd. from Vikas Garg, Gaurav Gupta, and Puneet Gupta for approximately INR 730 million on March 20, 2025. The Board of Directors at its meeting held today i.e. March 20, 2025, have approved issuance of equity shares of the Company on a preferential basis for consideration other than cash wherein Unicommerce eSolutions Limited is acquiring 7,610 Equity Shares of Shipway Technology Private Limited held by Vikas Garg, Gaurav Gupta and Puneet Gupta in lieu of issuance of 60,33,189 Equity Shares of the Company by way of swap of shares. Shipway is an erstwhile subsidiary of the Company which would result in its conversion into a Wholly Owned Subsidiary post the proposed acquisition. Shipway Technology Pvt. Ltd Revenue for F.Y. 2023-24 is approximately INR 430 million. Once the deal materialises, Shipway, which was previously a subsidiary of the SaaS company, will become a wholly-owned subsidiary of Unicommerce. The proposed preferential issue is subject to the approval of members and other regulatory approvals and is expected to be completed in the next 15 days Date of the approval of special resolution for preferential issue of equity shares and Receipt of date of the in-principal approval permission required for allotment under the preferential issue from the stock exchanges for issuance of the equity shares to the proposed allottees.
Unicommerce eSolutions Limited (NSEI:UNIECOM) completed the acquisition of remaining 57.24% stake in Shipway Technology Pvt. Ltd. from Vikas Garg, Gaurav Gupta, and Puneet Gupta on March 21, 2025. The acquisition will be facilitated through a preferential issue of equity shares by Unicommerce in exchange for shares of Shipway held by its promoters and individuals other than the promoter. Unicommerce will issue 60,33,189 equity shares of the Company, with the share swap ratio being 1:8.9. With this acquisition, Shipway will become a wholly owned subsidiary of Unicommerce eSolutions Limited.
Unicommerce eSolutions Limited is an India-based company. It operates as an e-commerce enablement Software-as-a-Service (SaaS) platform in the transaction processing or nerve center layer. It enables end-to-end management of e-commerce operations for brands, sellers, and logistics service provider firms. It enables its enterprise clients and small and medium business clients to manage their entire journey of post-purchase e-commerce operations through a comprehensive suite of SaaS products that include the warehouse and inventory management system; the multi-channel order management system; the omni-channel retail management system; seller management panel for marketplaces, housed in its platform, Uniware; post-order services related to logistics tracking and courier allocation; and payment reconciliation. Additionally, it offers several sub-modules that its customers may use as a part of their routine operations. Its products help in streamlining e-commerce operations for its clients.
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Unicommerce eSolutions Limited completed the acquisition of remaining 57.24% stake in Shipway Technology Pvt. Ltd. from Vikas Garg, Gaurav Gupta, and Puneet Gupta.
