August 17, 2017 / 2:37 PM / 2 years ago

BRIEF-Ebix acquires inward international remittance business from Wall Street Finance Limited

Aug 17 (Reuters) - Ebix Inc:

* Ebix signs agreement to acquire inward international remittance business from Wall Street Finance Limited (BSE: WSFIN)

* Deal for ‍$7.4 million​

* Acquisition once approved, is expected to be accretive to EBIX earnings immediately​

* Funded transaction using its internal cash reserves​

* ‍Agreement while approved by Wall Street Board, is subject to its shareholders approval​ Source text for Eikon: Further company coverage:

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