American co Ebix picks up 80% stake in Itzcash for Rs 800 cr

Payments company Itzcash today said Nasdaq-listed insurance software solutions firm Ebix has invested Rs 800 crore to pick up a 80 per cent stake in it.

Financial investors including Matrix Partners, Lightspeed Venture Partners and Intel Capital exited their investments and there was also issue of fresh equity to Ebix, Itzcash's chief growth officer Bhavik Vasa told

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