/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
While Indian-origin businessman Robin Raina’s EbixCash is desperate to tap the public markets to raise money, prospective investors need to exercise knowledge and caution of this maze of an enterprise.
For some time now, Indian-origin businessman Robin Raina’s Ebix Inc. has been desperately in search of money. This is because over the past few years, the NASDAQ-listed company has taken on copious debt to fund its expansion into several ventures and geographies.
About $600 million of that debt comes due in the near term. It is this repayment that Raina has been constantly restructuring with a consortium of US banks, holding out the hope of getting money once the company’s India business gets listed.
Besides, the Ebix stock remains a hot target of short sellers, including the now famous …
The resignation letter penned by one of the two independent directors who stepped down recently details serious issues—from fraud to the promoter’s litany of cases—further complicating life for Ebix’s new owner.
A shareholder complaint has opened a can of worms for the old and new owners of Robin Raina’s beleaguered US-based company.
From Byju’s Divya Gokulanth to Ebix’s Robin Raina, five personalities that we wrote about in 2024.
