Weizmann forex limited mumbai terror
"I'll give you a break on my normal forex commission if you buy now—half off." Creating a false sense of urgency by claiming limited supply. "There are only two. Previously known as Weizmann Forex Limited, EbixCash World Money Limited Financing Corporation Limited, or HDFC, is a Mumbai-based finance company that. international conflict, including terrorist acts. stake in India based Weizmann Forex Limited ("Weizmann") for $ million. MINISTRY OF HEALTH 2003 INVESTING IN HEALTH
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Ebix funded the entire transaction in cash, using its existing bank line and internal cash reserves. Ebix expects the Weizmann acquisition, once fully integrated within approximately six months, will contribute at least 15 cents per share in additional diluted EPS over a month period. Weizmann will be tightly integrated into the EbixCash Financial Exchange offering in India and abroad. It services leading multinationals, large corporate entities, public sector undertakings, banks, large tour operators and retail clients.
Utilities Payment - EbixCash is a leading payment exchange enabling consumer payments for large utility providers. AHA Taxis has pioneered an offering of one-way fare for hiring taxis for outstation trips, whereas the trade norm is to charge the return fare. AHA solved this problem while engaging its proprietary technology, algorithm and network. About Ebix, Inc. Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents.
The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of , Section 27A of the Securities Act of , and Section 21E of the Securities Exchange Act of Ebix expects the acquisition to be immediately accretive to its earnings.
Ebix expects the Weizmann acquisition, once fully integrated within approximately six months, will contribute at least 15 cents per share in additional diluted EPS over a month period. It services leading multinationals, large corporate entities, public sector undertakings, banks, large tour operators and retail clients.
EbixCash through its travel portal Via. The Company is also in the process of initiating contracts with a number of international airports outside India in countries like UAE. The addition of Weizmann expands the EbixCash Financial Exchange footprint from , physical distribution outlets to , outlets country-wide.
EbixCash is a leading provider of Gift cards, with over co-partner brands across all major categories. EbixCash is a leading payment exchange enabling consumer payments for large utility providers. We are excited to bring this vast network into the EbixCash Financial exchange network. The synergies between Weizmann and EbixCash were compelling making this a natural decision for us. However, every business must continue to evolve to be relevant and we are proud to associate with Ebix and leverage our synergies to help the business continue to grow and innovate.
We look forward to a fruitful future with Ebix. EbixCash, through its travel portal Via. For further details, visit www. Weizmann has the largest market share in education related student remittances out of India.
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We are committed to staying in the path of the relevance of our customers by providing new, innovative and value-added offerings, helping us strengthen our position as a leading player in the forex and remittances space. Weizmann Group has established a strong brand over 30 years of operations with over 28 million satisfied customers. WFL is the largest principal agent network of Western Union Money Transfer for its remittance business in terms of branch network.
WFL is leveraging its strong network to enhance value proposition by adding more products like travel insurance, trade remittances, tour and travel related services, domestic money transfer etc. Neither this presentation nor anything in it shall form the basis of any contract or commitment.
This presentation is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any investor. All investors should consider such factors in consultation with a professional advisor of their choosing when deciding if an investment is appropriate.
The Company has prepared this presentation based on information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein.
The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes. All forward-looking statements attributable to the Company or persons acting on its behalf apply only as of the date of this document, and are expressly qualified in their entirety by the cautionary statements included elsewhere in this document.
However, every business must continue to evolve to be relevant and we are proud to associate with Ebix and leverage our synergies to help the business continue to grow and innovate. We look forward to a fruitful future with Ebix. EbixCash, through its travel portal Via.
For further details, visit www. Weizmann has the largest market share in education related student remittances out of India. Weizmann also deals in all major destination currencies and is one of the leading aggregators of physical foreign currency notes across India.
The Company has a partnership with 41 leading public sector and private banks in the country. The information contained in this Press Release contains forward-looking statements and information within the "safe harbor" provisions of the Private Securities Litigation Reform Act of , Section 27A of the Securities Act of , and Section 21E of the Securities Exchange Act of This information includes assumptions made by, and information currently available to management, including statements regarding future economic performance and financial condition, liquidity and capital resources, acceptance of the Company's products by the market, and management's plans and objectives.
In addition, certain statements included in this and our future filings with the Securities and Exchange Commission "SEC" , in press releases, and in oral and written statements made by us or with our approval, which are not statements of historical fact, are forward-looking statements. Words such as "may," "could," "should," "would," "believe," "expect," "anticipate," "estimate," "intend," "seeks," "plan," "project," "continue," "predict," "will," "should," and other words or expressions of similar meaning are intended by the Company to identify forward-looking statements, although not all forward-looking statements contain these identifying words.
These forward-looking statements are found at various places throughout this report and in the documents incorporated herein by reference. These statements are based on our current expectations about future events or results and information that is currently available to us, involve assumptions, risks, and uncertainties, and speak only as of the date on which such statements are made.
Our actual results may differ materially from those expressed or implied in these forward-looking statements. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update any such factors, or to publicly announce the results of, or changes to any of the forward-looking statements contained herein to reflect future events, developments, changed circumstances, or for any other reason.
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