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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.
A shareholder complaint has opened a can of worms for the old and new owners of Robin Raina’s beleaguered US-based company.
Robin Raina is in the soup, again. The Ebix Inc. founder, who was suspended last year by the new owners of his beleaguered US-based software company, is being investigated by India’s market regulator, says a person with direct knowledge of the matter. This person adds that the Securities and Exchange Board of India is also probing Vikas Garg, who is associated with two of the three companies that acquired Ebix.
“SEBI has received some complaints from shareholders on the share price movement of Eraaya [Lifespaces, one of Ebix’s three new owners] as the deal with Ebix was getting completed,” says …
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.
From Byju’s Divya Gokulanth to Ebix’s Robin Raina, five personalities that we wrote about in 2024.
Skeletons are now tumbling out of the closet, suggesting that the acquisition of the beleaguered US-based company may not exactly be above board.
