Comments
The mandatory open offer from EbixCash to acquire the remaining 25.16 per cent from Weizmann Forex’s public shareholders opens on Wednesday. The Nasdaq-listed company plans to buy 27.99 lakh shares at ₹528 a share. Earlier, EbixCash World Money Ltd, an Indian subsidiary of US-based Ebix Inc, had entered into an agreement to acquire a 74.84 per cent controlling stake in Weizmann Forex for ₹439.75 crore. The open offer concludes on June 19.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.