Key Points
Robin Raina-led financial technology firm Ebix Inc. has filed for bankruptcy in a North Texas court after defaulting on a loan..
The bankruptcy filing will have far-reaching implications for its Indian entity, which has filed for IPO in the Indian market..
However, Robin Raina, Chairman, President and Chief Executive Officer of Ebix, Inc., did not respond to BT's query on the impact on Indian business...
Let's examine the relationship between the Indian entity EbixCash Limited and the US-listed Ebix Inc...
This Singapore-based subsidiary holds a 100 percent stake in the Indian company, making it a step-down subsidiary of Ebix Inc..
