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PE firms to generate neat returns as Ebix buying Centrum’s forex biz for $175 mn

By Shailaja Sharma

  • 03 Apr 2018
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PE firms to generate neat returns as Ebix buying Centrum’s forex biz for $175 mn
Credit: Thinkstock

Centrum Capital Ltd has agreed to sell its foreign exchange unit to US-based software firm Ebix Inc. in a transaction that will let the Indian company’s private equity backers earn a decent return on their investment.Mumbai-listed Centrum Capital said in a stock-exchange filing on Tuesday it will sell its CentrumDirect ......

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