Centrum Group is selling its money exchange business, Centrum Direct, to US-based Ebix Inc for about Rs. 1,200 crore ($184.6 million)..Crawford Bayley acted for Centrum and the team was led by Partners Sanjay Asher and Bhumika Batra along with Sachita Shetty, Sanskriti Relekar, Anuja Takle..IndusLaw advised Ebix and the team was led by Partner Saurav Kumaralong with Principal Associate Divya Varghese and Associates Devya Sharma and Suvarna Swain.The entire Centrum Direct team and assets will be transferred to Ebix and will become a part of the Atlanta-based company’s financial exchange business EbixCash, reported Mint.here.Image taken from here.
Centrum Group is selling its money exchange business, Centrum Direct, to US-based Ebix Inc for about Rs. 1,200 crore ($184.6 million)..Crawford Bayley acted for Centrum and the team was led by Partners Sanjay Asher and Bhumika Batra along with Sachita Shetty, Sanskriti Relekar, Anuja Takle..IndusLaw advised Ebix and the team was led by Partner Saurav Kumaralong with Principal Associate Divya Varghese and Associates Devya Sharma and Suvarna Swain.The entire Centrum Direct team and assets will be transferred to Ebix and will become a part of the Atlanta-based company’s financial exchange business EbixCash, reported Mint.here.Image taken from here.
