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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Robin Raina-helmed company, having failed to repay lenders despite getting multiple extensions, now faces the prospect of bankruptcy.
NASDAQ-listed Ebix Inc. has another 24 hours before its agreement with lenders to repay a large chunk of a $600 million credit facility expires.
The technology company and its Indian-origin CEO, Robin Raina, have been granted multiple extensions for repayment over the last couple of years. The deadline for the latest such extension ends on 18 December.
Whatever decision the lenders take, Ebix’s future looks uncertain. Questions sent to Raina and Ebix on email and WhatsApp did not elicit a response.
A failure to repay the consortium of US lenders, led by Regions Bank, could see Ebix go into bankruptcy, …
The resignation letter penned by one of the two independent directors who stepped down recently details serious issues—from fraud to the promoter’s litany of cases—further complicating life for Ebix’s new owner.
A shareholder complaint has opened a can of worms for the old and new owners of Robin Raina’s beleaguered US-based company.
From Byju’s Divya Gokulanth to Ebix’s Robin Raina, five personalities that we wrote about in 2024.
