Edition:
India

Exchange Income Corp and Wasaya Group Agree To Partner​


Friday, 2 Feb 2018 

Feb 1 (Reuters) - Exchange Income Corp ::EXCHANGE INCOME CORP - ‍ANNOUNCES WASAYA GROUP, CO ENTERED INTO AN AGREEMENT TO PARTNER​.EXCHANGE INCOME-AGREEMENT WHEREBY CO WILL RECAPITALIZE WASAYA, WASAYA SHAREHOLDERS WILL EXCHANGE PORTION OF THEIR INTERESTS IN WASAYA FOR CO'S SHARES.EXCHANGE INCOME CORP - ‍TRANSACTIONS, WITH ANTICIPATED GROWTH CAPITAL, EXPECTED TO BE ABOUT $25 MILLION THROUGH A COMBINATION OF DEBT AND EQUITY​.EXCHANGE INCOME CORP - ‍HAS FUNDED AN INITIAL INVESTMENT IN WASAYA WITH REMAINING TRANSACTIONS EXPECTED TO BE COMPLETED WITHIN Q1 OF 2018​. 

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