Company Overview and News
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
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
RBI on June 28 said four non-banking financial companies have surrendered their registration certificates following which they would not transact any financial business
We encourage visitors to register on IIFL. Registering on the site is absolutely Free and offers you the following benefits.
Wall Street Finance will join the list of money changers on the Fxkart.com platform for buying and selling of foreign currency.