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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 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.
Eraaya Lifespaces, one of the companies in the consortium that acquired Robin Raina-led Ebix Inc., is nothing short of shambolic.
On 31 January, two of its independent directors—finance professional Vivek Dave and Suzlon Energy CFO Himanshu Mody—stepped down. Their resignation came just days after aspecial notice by a group of shareholders sought their ouster over allegations of being involved in “anti-company activities”. Both directors had joined the company’s board in October 2024 as part of the restructuring exercise by Eraaya after it ousted Raina as chairman.
The company opted to share the full contents of the special …
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.
Skeletons are now tumbling out of the closet, suggesting that the acquisition of the beleaguered US-based company may not exactly be above board.
