SEBI clears Rs 6,000-crore IPO of EbixCash
Following SEBI’s clearance, EbixCash will be listed on both NSE and BSE
EbixCash has received clearance from the Securities and Exchange Board of India (SEBI), and now the company is allowed to move forward with its plans to raise funds through an Initial Public Offering (IPO), people close to the development have shared with e4m.
The IPO is expected to raise between Rs 6,000 crore and Rs 8,000 crore, making it one of the largest IPOs in the financial services sector in India.
The company's management team is aware that going public would not only help raise much-needed funds but also give them access to a wider pool of investors and raise the company's profile in the industry.
