Continuing its acquisition spree to expand its financial services offering, US-based technology firm Ebix, Inc has acquired Essel Forex Ltd and Weizmann Forex Ltd.
According to an official statement, EbixCash World Money, the Indian arm of Ebix, has entered into an agreement to acquire 100 per cent of India-based Essel Forex for around $8 million. Ebix will be funding the entire transaction in cash using its internal cash reserves, it added.
