Inside the confounding world of EbixCash
- A 750% revenue upsurge in one year at a key unit, auditor exits, litigation and other concerns that make the EbixCash IPO something to be watchful about
- The DRHP lists more than 20 litigation proceedings involving Ebix, its subsidiaries, directors and promoters. Two cases involve companies it acquired, including Ebix Payment.
DELHI : Nearly five years ago, when Nasdaq-listed Ebix Inc. snapped up Essel Group’s ItzCash for ₹800 crore, its chief executive Robin Raina had made a firm bet on the India growth story.
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