EbixCash

Publicly traded Ebix is the parent of Indian fintech company EbixCash, which facilitates payments, foreign exchange and prepaid gift cards.

In Sebi's parlance, its observation implies its go-ahead to launch the initial share-sale. Going by the draft papers, Ebixcash will raise Rs 6,000 crore through an IPO

The fortunes of money changers have seen a dramatic recovery even as they reinvent themselves

Take into account transaction fee, conversion fee, and exchange-rate mark-up when comparing players' costs

The company may also consider raising further equity including a rights issue of up to Rs 1,200 crore. If this placement is completed, the fresh issue size will be reduced

Proceeds of the IPO will be used for funding the working capital requirements of the company's subsidiaries -- Ebix Travels and EbixCash World Money

AssureEdge will be rebranded as EbixCash Global BPO services

Demands substantial damages due to alleged breach of agreement

'I have a 26 per cent stake in the parent company, Ebix Inc. The new agreement says I will get to keep this irrespective of whether I stay on, get fired, or leave,' says Robin Raina

The company said it has signed a deal with Cox & Kings to transfer it's business travel agreements with corporates in India with EbixCash's Mercury Travel division

The articles had defamatory content against EbixCash World Money, an on-demand software supplying company