Apr 12, 2022 02:14 PM ISTDelaware top court upheld the ruling of a lower court which said Yatra had forfeited its right to sue Ebix for damages after voluntarily terminating the merger deal.
Aug 31, 2021 11:04 AM IST The Court of Chancery in its latest order said that Yatra's claims of damages from Ebix were not substantially justified.
Jun 09, 2020 08:09 PM IST “Our liquidity combined with our current fixed cost base of $1.2 million gives us enough of a cushion for the near term,” he told Moneycontrol, brushing aside concerns about the financial health of the firm post the failed deal with Ebix.
Jun 08, 2020 11:00 PM IST The Ebix response followed Yatra Online’s announcement on June 6 that it had terminated a pending merger agreement with Ebix and opted for litigation seeking ‘substantial damages’ over alleged breach of deal terms
Jun 06, 2020 02:45 PM IST Ebix had on July 17 last year announced that it has entered into a definitive agreement under which Ebix will acquire Yatra Online through a merger deal.
Sep 27, 2019 08:08 PM IST Some key core employees of Cox and Kings will also be transferred to the EbixCash payroll as part of the agreement.
Jul 17, 2019 09:24 PM IST "We also want to enter the visa market and provide visa services, like VSF does," he told Moneycontrol.
Jul 17, 2019 05:59 PM IST "We are excited by the cross-selling opportunities that this combination provides us," said Robin Raina, Ebix chief.
Jul 17, 2019 04:14 PM IST In March, Yatra had said that it was reviewing Ebix's proposal to acquire all outstanding shares of the company.
Mar 13, 2019 12:14 PM IST The Ebix chairman and CEO has caused a stir by announcing a proposal to acquire Nasdaq-listed Yatra.com for $336 million. The 51-year-old business tycoon is also a philanthropist, socialite and fitness enthusiast.
Mar 11, 2019 09:39 PM IST The company will pay for Yatra Online at its discretion either in cash or by issuing freely tradeable Ebix stock, the statement said.
Jan 04, 2019 06:11 PM IST Weizmann Forex is the second largest inward remittance provider besides being one of the four largest Foreign exchange & outward remittance providers in India.
Nov 19, 2018 12:01 PM IST India tops the list of nations in terms of remittances received. In 2017, the country received more than $60 billion in remittances
Jan 05, 2018 02:37 PM IST This will be the Noida-headquartered company's fourth remittances-related acquisition in the last five months and will increase its share in the inward international remittance market to up to 80 per cent, it said in a statement.
Oct 26, 2017 02:46 PM IST Ebix is a leading international supplier of on-demand software and e-commerce services to the insurance, financial, e-governance and healthcare industries.
Jul 13, 2017 05:47 PM IST The deal was one of the largest transactions in financial technologies and payments space in India, this year.
Jun 09, 2017 07:28 PM IST The company began planning for a long term partner when early ItzCash investors such as Intel Capital, Lightspeed and Matrix Partners India began looking for an exit.
May 24, 2017 07:11 PM IST The deal is likely to give an exit to ItzCash's existing investors which include Lightspeed and Matrix Partners India
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