India, March 24 -- Shares of Unicommerce surged as much as 8% to INR 133.60 during the intraday trading on the BSE today.

This comes three days after the ecommerce-focussed SaaS major said it has completed the buyout of courier aggregator platform Shipway by purchasing the remaining 57.24% stake.

At 12:42 PM, the stock was trading 7.7% higher at INR 133.25 against the previous closing of INR 123.70.

At this point, the company's market capitalisation stood at INR 1,364.93 Cr with a trade volume of 8.2 Lakh.

On Friday (March 21), Unicommerce announced purchasing the remaining 57.24% stake in Shipway, after it acquired 42.76% for INR 68.4 Cr in December 2024.

Additionally, Unicommerce's board also amended its articles of association, as...