EbixCash, the Indian unit of US-based parent Ebix Inc, may see an ownership change after the parent company declared bankruptcy. The Chapter 11 proceedings in the US do not affect Ebix's India operations. Learn more about the impact of the bankruptcy filing on Ebix's Indian business.
India News: EbixCash may undergo ownership change as its parent company, Ebix Inc, filed for bankruptcy under Chapter 11. However, EbixCash's operations in India
Ebix is undervalued relative to its fundamentals. The EbixCash IPO serves as an important potential catalyst moving forward, and the cash cow US exchange business offers a margin of safety.