EbixCash World Money acquires stake in Weizmann Forex

EbixCash World Money has acquired stake in Weizmann Forex, consisting of 83,28,540 equity shares at price of Rs 528 representing 74.84% on February 06, 2019 pursuant to share purchase agreement between the Promoter and Promoter Group of the company and EbixCash World Money and consequently are in control of the company. EbixCash World Money is now part of the Promoter and Promoter Group of the company.

Weizmann Forex is a leading player in the foreign exchange and Inward remittances space. The company operates a diversified portfolio focused on Foreign Exchange, International & Domestic Money Transfer, and Import and Export Payment Solutions.