Unicommerce eSolutions shares were higher by over 2 percent after successfully completing the acquisition of 100 percent stake in Shipway Technology, turning it into a subsidiary, in an effort to enhance presence in e-commerce and logistics space.
As of 1:00 on, the shares of Unicommerce eSolutions are trading at Rs 123 with a gain of 2.45 percent.
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Unicommerce eSolutions completed the acquisition of the remaining 57.24 percent stake in Shipway Technology, making it a wholly-owned subsidiary, after having previously acquired a 42.76 percent stake in December 2024 for Rs 68.4 crore.
The acquisition will be executed through a preferential issue of over 60 lakh equity shares at a share swap ratio of 1:8.9, after the Board approved the transaction on March 20, subject to shareholder nod.
Shipway, a logistics management platform, processes 35 million+ annual transactions and operates across 29,000 pin codes. It is integrated with 15+ courier partners, offering automated shipping solutions. The deal expands Unicommerce’s presence in e-commerce enablement technology, adding logistical capabilities to its existing solutions in inventory, warehouse, and order management.
The combined client base now spans 7,000+ businesses and 10,000+ brands, with only 5% client overlap, presenting cross-sell opportunities. The acquisition is expected to strengthen Unicommerce’s position in the e-commerce technology sector.
Unicommerce eSolutions also acknowledged the resignations of key senior management personnel including Prateek Mahajan (Director - Operations), Pranay Kale (Head of India - Sales), and Vaibhav Malhotra (Senior Director - Marketing), during the board meeting. The company provides end-to-end e-commerce enablement solutions, covering inventory management, order processing, warehouse operations, and returns management through its Uniware platform.
Shipway, its newly acquired subsidiary, specializes in courier aggregation and shipping automation, handling over 35 million transactions annually across 29,000 pin codes. Post-acquisition, Unicommerce's combined client base now spans over 7,000 businesses and 10,000+ brands, with a minimal client overlap, creating strong cross-selling opportunities.
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