Brief: Ebix Reaffirms Strong Business Outlook

Ebix

21/10/2022 13:32

Oct 21 (Reuters) - Ebix Inc  EBIX.O :
    * EBIX REAFFIRMS STRONG BUSINESS OUTLOOK AND ANNOUNCES
FORMATION
OF STRATEGIC INVESTMENT COMMITTEE OF INDEPENDENT BOARD MEMBERS
    * EBIX INC - RECEIVED INBOUND INTEREST FROM STRATEGIC AND
INSTITUTIONAL INTERNATIONAL PLAYERS, FOR INVESTMENTS IN EBIX
OR/AND ITS SUBSIDIARIES
    * EBIX INC - PRESENTLY ACTIVELY UTILIZING SERVICES OF A FEW
INTERNATIONAL BANKERS TO REFINANCE ITS EXISTING LOAN FACILITIES
    * EBIX INC - RECEIVED AN EXPLORATORY TERM SHEET FROM ONE OF
ITS
EXISTING LENDERS
    * EBIX INC - HOPEFUL OF AN EXPEDITIOUS APPROVAL OF ITS
SUBSIDIARY'S DRHP LEADING TO FILING OF RHP AND EVENTUAL IPO
    * EBIX INC - REAFFIRMED ITS CONFIDENCE IN BUSINESS'S
CONTINUED
CASH GENERATION ABILITIES
    * EBIX INC - EBIXCASH HAS ALREADY RECEIVED IN-PRINCIPAL
APPROVAL
FROM TWO STOCK EXCHANGES BSE AND NSE
    * EBIX - INDEPENDENT BOARD'S STRATEGIC INVESTMENT COMMITTEE
WILL
BE EVALUATING ANY OFFERS, IN CONSULTATION WITH ITS INVESTMENT
BANKING, LEGAL ADVISORS
    * EBIX INC - SIGNIFICANT STRENGTHENING OF US DOLLAR IN
RECENT
TIMES WILL HAVE AN ADVERSE IMPACT ON ITS RESULTS

Source text for Eikon:  ID:nGNX3gFxGn 
Further company coverage:  EBIX.O 
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