EbixCash gets SEBI's nod to raise ₹6,000 crore via IPO

Indian subsidiary of Nasdaq-listed Ebix Inc, EbixCash, has received SEBI's approval to raise ₹6,000 crore through an IPO. The funds will be raised through fresh issuance of equity shares and there'll be no offer-for-sale component. SEBI has also granted approval to Survival Technologies for its ₹1,000-crore IPO, which will include offer-for-sale and fresh issue components.