India, March 21 -- Listed SaaS platform Unicommerce on Thursday (March 20) announced the acquisition of the remaining 57.24% stake in shipping solutions platform Shipway in a share swap deal.

In a filing with the exchanges, Unicommerce said that it will issue 60.3 Lakh shares to Shipway cofounders Vikas Garg and Gaurav Gupta as well as shareholder Puneet Gupta in lieu of 7,610 equity shares of shipping solutions startup.

"The Board of Directors. have approved issuance of equity shares of the Company on a preferential basis for consideration other than cash wherein Unicommerce. is acquiring 7,610 Equity Shares of Shipway. held by Mr. Vikas Garg, Mr. Gaurav Gupta and Mr. Puneet Gupta. in lieu of issuance of 60,33,189 Equity Shares of the ...