Brief: Ebix Inc Says Unit Makes Open Offer To Buy 100 Pct Of Weizmann Forex
12/02/2019 06:56
Feb 12 (Reuters) - Ebix Inc EBIX.O :
* UNIT, EBIXCASH MAKES OPEN OFFER TO COMPLETE 100 PERCENT
ACQUISITION OF WEIZMANN FOREX
Source text : Ebix, Inc. (NASDAQ: EBIX), a leading international
supplier of On-Demand software and E-commerce services to the
insurance, financial, healthcare and e-learning industries today
announced that its EbixCash World Money Limited subsidiary in
India has completed the acquisition of 74.84% controlling stake
in India based Weizmann Forex Limited (BSE: WEIZFOREX). EbixCash
has also made a 90-day time bound public offer to acquire the
remaining 25.16% publicly-held Weizmann Forex shares for INR 528
($7.54) per share
Further company coverage: EBIX.O
((Reuters.Briefs@thomsonreuters.com;))
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