Unicommerce to raise Rs 20 crore from promoter Acevector via preferential share issue

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The board of ecommerce software firm Unicommerce Esolutions has approved a proposal to issue 14.40 lakh equity shares on a preferential basis to its promoter, Acevector Limited, to raise about Rs 20 crore.

This will be at an issue price of Rs 139 per share, according to the company.

“The primary object of the issue is to create a pool of resources that may allow the company to pursue strategic acquisitions in India or abroad,” it said in an exchange filing on Monday.

AceVector, founded by Kunal Bahl and Rohit Bansal, owns more than 28% of the…



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Unicommerce to raise Rs 20 crore from promoter Acevector via preferential share issue



The board of ecommerce software firm Unicommerce Esolutions has approved a proposal to issue 14.40 lakh equity shares on a preferential basis to its promoter, Acevector Limited, to raise about Rs 20 crore.

This will be at an issue price of Rs 139 per share, according to the company.

“The primary object of the issue is to create a pool of resources that may allow the company to pursue strategic acquisitions in India or abroad,” it said in an exchange filing on Monday.

AceVector, founded by Kunal Bahl and Rohit Bansal, owns more than 28% of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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