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Mumbai: American software and services company Ebix Inc., which bought payments firm ItzCash for around $120 million in May, plans to spend at least an additional $200 million for acquisitions in India, a top executive said. (1-1)
Mumbai: Ebix Inc., the parent firm of digital payments company Itz Cash Card Ltd, has acquired the money transfer business of Paul Merchants Ltd through its Indian affiliate, the firms said on Thursday. The deal, valued at $40.7 million, is a slump sale, Paul Merchants said in a note to stock exchanges. (2-0)
This is the third acquisition by Ebix Inc in the last two months in the international remittance segment, giving it a 60 per cent market share and leadership position in this segment in India. (2-0)
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.
* Ebix signs agreement to acquire inward international remittance business from Wall Street Finance Limited (BSE: WSFIN)
WallStreet Inward Remittance Exchange Encompasses 9000+ Distribution Outlets, 10 Branches, Processing over 2 Million Transactions Per Annum
Wall Street Finance reports consolidated net loss of Rs 0.07 crore in the March 2017 quarter
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RBI on June 28 said four non-banking financial companies have surrendered their registration certificates following which they would not transact any financial business
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