Ebix rises as Delhi court bans publishing of Hindenburg short report in India

Ebix

07/07/2022 15:12

** Software firm Ebix  EBIX.O  rose 7.3% to $18.64 after the
Tiz Hazari court in Delhi blocked publishing of Hindenburg's
report on co in India  urn:newsml:reuters.com:*:nL4N2XU3FW
    ** Delhi court has directed Google LLC and Twitter Inc to
take down URLs pertaining to the Hindenburg report from the
Indian domain  
    ** The investment research firm published a short report on
June 16 where it raised doubts over co's plans to take its
Indian unit public  urn:newsml:reuters.com:*:nL4N2XU3FW
    ** The report called EBIX's IPO plans for its Indian unit
EBixCash a 'race against the solvency clock' and expected it to
fail 
    ** As of last close, EBIX shares fell 38.16% YTD
 

 (Reporting by Raghavi Kasa in Bengaluru)
 ((Raghavi.Kasa@thomsonreuters.com;))