Unicommerce Esolutions Limited — Others, 20-03-2025: Change in Management

Unicommerce eSolutions Ltd. has announced a board meeting outcome, approving a preferential issue of 60,33,189 equity shares for a share swap to acquire 7,610 equity shares of Shipway Technology Private Limited, converting it into a wholly owned subsidiary. Additionally, the board agreed to amend the Articles of Association to define shareholding conditions for its investors, SoftBank and B2 Capital, and noted the resignations of key senior management personnel. This strategic acquisition aims to enhance Unicommerce's eCommerce capabilities, potentially boosting investor sentiment and positioning the company for growth in the competitive market.