Ebix India Buys Out Two Companies in Travel Space
The Indian subsidiary of Ebix Group has reportedly acquired two travel companies namely Mercury Travels and Leisure Corporation. According to the reports, the deal is worth $14.2 million.
The acquisition has been made with an aim to create a separate division to focus on the niche travel market in India. Mercury Travels is a Mumbai-based company whereas Leisure Corporation is Delhi-based.
"We are excited to be able to bring these two leading companies together, with the goal of creating a pioneering luxury travel initiative. Between this Mercury initiative and our existing Via.com travel initiative, EbixCash is now uniquely positioned as a financial exchange that has end-to-end travel solutions for all sections of the society,” said Robin Raina, Ebix CEO.
A new travel division is bein...