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Infibeam Avenues terminates Unicommerce deal

31 Dec 2018 Evaluate

Infibeam Avenues has terminated a definitive share purchase agreement (SPA) which was entered amongst Unicommerce eSolutions (Unicommerce), Jasper Infotech (Jasper) and the Promoters (as defined in the SPA), to acquire 100% of equity shares of Unicommerce, as the conditions precedent were not fulfilled within the stipulated time period.

Infibeam Avenues is engaged in providing online retail services.

Peers
Company Name CMP
One97 Communications 1672.60
AvenuesAI 15.91
Billionbrains Garage 187.25
Pine Labs 176.65
Seshaasai Tech. 382.25
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