EBIXCASH IPO will raise the gross proceeds of Rs 60,000 million from the Fresh Issue
The company is planning to invest Rs10,350.26 million to fund the working capital requirements of its Subsidiaries, Ebix Travels Private Limited and EbixCash World Money Limited.
Ebixcash will invest Rs 27,475.67 million for the purchase of outstanding compulsorily convertible debentures from Ebix Asia Holdings Inc, Mauritius.
The rest amount will be used to fund its plan for strategic acquisitions and investments and general corporate purposes