Unicommerce To Raise INR 20 Cr From Parent AceVector

The SaaS company will be allotting 14.4 Lakh equity shares on a preferential basis to parent company AceVector Ltd for a total of INR 19.99 Cr

Equity shares are being allotted to AceVector, also the parent company of Snapdeal, at INR 138.87 apiece, marking a slight discount from the stock’s closing price of INR 139.65 today

Unicommerce would be raising the funds to pursue strategic acquisitions in India or abroad

Listed ecommerce SaaS company Unicommerce is set to raise its maiden investment since its listing on the…