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Bankers clear Ebix resolution plan for Educomp

ANI Feeds | Apr 25, 2018, 10:33 AM IST

A 27-member Committee of Creditors (COC) consisting of 24 Educomp Solutions Limited (ESL) banks and lenders and three lenders of its subsidiary Edu Smart Services Private Limited (ESSPL) has recently cleared a proposal for the sale of ESL to Nasdaq-listed Ebix Inc., a leader in insurance and payment processing software and exchanges.

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