US-based Ebix acquires India’s Essel Forex, Weizmann Forex

Date posted: Wednesday 16 January 2019

Continuing its acquisition spree to expand its financial services offering, US-based technology firm Ebix, Inc has acquired Essel Forex Ltd and Weizmann Forex Ltd. Upon completion of the acquisitions, Essel and Weizmann Forex will be integrated into the EbixCash World Money business in India. The acquisitions are targeted at positioning EbixCash as the largest financial exchange in the country.

(DealStreet Asia)