EbixCash files papers for ₹6,000cr IPO

Mumbai: EbixCash, a subsidiary of Nasdaq-listed Ebix, has filed a draft prospectus with Sebi for a Rs 6,000-crore initial public offering (IPO). EbixCash has organised its business along four primary segments — payment solutions, travel, fintech and BPO services & startup initiatives. The company has grown through a spate of acquisitions in the country.The proceeds of the IPO would be used for funding the working capital requirements of its subsidiaries Ebix Travels and EbixCash World Money. tnn