Edition:
India

Ebixcash Acquires Assets Of Business Travels Group


Monday, 22 Oct 2018 

Oct 22 (Reuters) - Ebix Inc ::EBIXCASH ACQUIRES ASSETS OF BUSINESS TRAVELS GROUP AND APPOINTS TRAVEL INDUSTRY VETERAN PRAVEEN CHUGH AS CHIEF OPERATING OFFICER OF VIA AGENCY SALES.EBIX INC - CONSIDERS SIZE OF BUSINESS TRAVELS ASSETS ACQUISITION IMMATERIAL AND THUS DID NOT DISCLOSE FINANCIAL DETAILS OF TRANSACTION.EBIX - EBIX FUNDED TRANSACTION THROUGH INTERNAL SOURCES USING ITS OWN CASH RESERVES.EBIX INC - NO EBIX SHARES WERE ISSUED AND NO INVESTMENT BANKERS WERE INVOLVED IN TRANSACTION.EBIX INC - EBIXCASH ANNOUNCED NUMBER OF KEY INITIATIVES AS A PART OF ITS PLANS TO GROW ITS VIA TRAVEL BUSINESS.