E-PaperEbix News
EbixCash Global Services reports 54% revenue growth in 2021
EbixCash Global had secured seven new contracts in the fourth quarter of 2021. It added 28 new clients in 2021, with seven new clients still in the process of being onboarded
1 min read17 Jan 2022Yatra Online terminates merger pact with US-based Ebix Inc
Ebix Inc had signed an agreement to acquire Yatra Online Inc, the parent company of online travel firm Yatra.com, for an enterprise value of $337.8 million (over ₹2,300 crore) in 2019
1 min read6 Jun 2020Indian travel firm Yatra scraps merger deal with US-based Ebix
Indian travel services company Yatra said it is seeking damages against Ebix for breaching terms of their merger agreement, including clauses on representations and covenants
1 min read6 Jun 2020Deals Buzz: Greenko Group in talks to raise up to $1 billion in dollar bond sale
In other news, Canada’s PSP Investments has tied up with Abu Dhabi Investment Authority-National Investment and Infrastructure Fund consortium to buy 49% of GVK Airport Holdings Ltd, through a combination of equity and debt, for about ₹6,000 crore
5 min read18 Jul 2019Ebix acquires Yatra for an enterprise value of $337.8 million
The online travel firm will continue to be independently run and will retain its brand and status in IndiaEbix first offered to buy Yatra in March for $337 million, in cash or by stock
1 min read17 Jul 2019Ebix begins due diligence on Yatra, hopes to close acquisition by May
Ebix has offered to buy 100% of Yatra at $7/share, valuing it at $336 millionEbix intends to merge Yatra Online in its Indian EbixCash subsidiary set up
1 min read19 Mar 2019Software firm Ebix offers to buy India's ticketing firm Yatra Online
The offer price of $7 per share represents a premium of 84 percent to Yatra's Friday close Yatra could not be immediately reached for comment
1 min read11 Mar 2019Ebix in talks with investment banks for EbixCash IPO
Nasdaq-listed Ebix is planning the EbixCash IPO in the second half of 2019 and are likely to soon appoint bankers to begin work of the DRHP
2 min read19 Nov 2018Deals round-up: Trifecta Capital invests $1 million in bus aggregator Shuttl
In July, Shuttl raised $11 million in a Series B round led by Japan’s Dentsu Ventures and Amazon’s Alexa Fund
1 min read26 Oct 2018Ebix acquires Miles Software for $19 million
Miles's India customer base includes banks and financial institutions such as Kotak Mahindra Bank, State Bank of India, ICICI Bank, Edelweiss, and Motilal Oswal
1 min read5 Sep 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared