India, Sept. 1 -- Listed ecommerce SaaS company Unicommerce is set to raise its maiden investment since its listing on the bourses last year with the allotment of 14.4 Lakh equity shares on a preferential basis to parent company AceVector Ltd for a total of INR 19.99 Cr.

The equity shares are being allotted to AceVector, also the parent company of Snapdeal, at INR 138.87 apiece, marking a slight discount from the stock's closing price of INR 139.65 today.

The company will seek shareholders' nod on the investment during its annual general meeting. It is yet to announce the date for the same.

Unicommerce said that it would be raising the funds to create a "pool of resources that may allow the company to pursue strategic acquisitions in I...