Robin Raina News Today

Ebix Annuity Exchange Closes 2023 with Record Annual Volumes of $118 Billion

Record Numbers Reported Both in December 2023 and Q4 of 2023...

Ebix, controlled by Robin Raina, is a US listed conglomerate with a focus on payment services, travel, and IT in India with a market cap of about $800 million.

EbixCash clarified that about 200 affiliates of Ebix working outside the US are not included in the US-only Chapter 11 filing and will continue to operate normally.

This story was first published on the Benzinga India portal.

India Business News: Mumbai:Ebix Cash India is likely to get new owners following the bankruptcy of its US-based parent Ebix Inc which owns the Indian operations through a.

Ebix runs a financial transactions and remittances company Ebixcash in India and it is not clear how the events will impact the operations in the country.

CEO Robin Raina is the largest shareholder in the company owning 13.9% stake; and as of 31 December, 2022, Ebix Inc. had outstanding borrowings of $639.3 mn

This happened after the software services company failed to repay its dues against a $600 million credit facility from American banks.

Ebix Inc. is a holding company listed on the NASDAQ stock exchange. It does not have any promoter or person in control with substantial equity.