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M&A of the month: Ebix builds up India remittance biz with Paul Merchants deal
Photo Credit: Satyakam Banerjee/VCCircle

When US-based software services provider Ebix Inc. acquired a majority stake in ItzCash Card Ltd for $120 million (Rs 778 crore then) in May, one of its aims was to get a foothold in India’s growing...

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