The Securities and Exchange Board of India (SEBI) has granted EbixCash permission to proceed with its ambitions to raise money through an Initial Public Offering (IPO). It is anticipated that the IPO will raise between Rs 6,000 crore and Rs 8,000 crore, making it one of the largest offerings in India’s financial services industry. The management team of the business understands that going public will not only assist generate much-needed capital but also provide them access to a larger pool of investors and boost the company’s profile in the market.
