US bankruptcy filing: Ebix’s India business may change hands | India News
MUMBAI: EbixCash is likely to see ownership change after its US-based parent Ebix Inc declared bankruptcy. Ebix Inc owns its Indian unit EbixCash through a holding company in Singapore.Meanwhile, EbixCash said that its India operations are unaffected by the Chapter 11 process undertaken in the US by its parent company.“The Chapter 11 proceedings apply to … Read more