New Delhi : Infibeam on Monday said it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore.
“Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up to Rs 120 crore, subject to shareholders’ approval,” it said. The e-commerce firm said its board had approved acquisition of the entire share capital of Unicommerce from existing shareholders — Jasper Infotech for a consideration “other than cash”.