Ebixcash aims to raise Rs 6,000 crore from the IPO. The company is the Indian unit of Ebix Inc (Ebixcash Inc) listed in the US market Nasdaq, , EbixCash, ipo, lic
The issue proceeds will be utilised to the tune of Rs 1,035.03 crore for working capital requirements of its subsidiaries, Rs 2,747.57 crore for purchase of outstanding convertible debentures from its subsidiaries and funding strategic acquisitions and investments besides general corporate proposes.
, , Robin Raina, EbixCash, Ebix
EbixCash Private Limited, a subsidiary of fintech company Ebix Inc., has appointed ex- Reserve Bank of India (RBI) executive director Uma Shankar as a new independent director to the EbixCash board.