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…