Ebix plans IPO for Indian business, starts talks with merchant bankers

Ebix plans IPO for Indian business, starts talks with merchant bankers

A man looks up at an electronic ticker board that indicates stock figures at the Bombay Stock Exchange (BSE) in Mumbai, India, on Friday, Jan. 27, 2017. Photographer: Dhiraj Singh/Bloomberg

Nasdaq-listed Ebix Inc., a supplier of on-demand software and e-commerce services to the insurance, financial, e-governance and healthcare sectors, has started work on the initial public offering (IPO) of its Indian business, said two people aware of the development.

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