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EbixCash appoints legal counsel for IPO in India

Ebix Inc.'s Indian unit, EbixCash, appointed domestic and international legal counsel to handle its IPO.

EbixCash will soon announce the appointment of an international industry analyst firm that will analyze the industry and the company's relative position in the markets with respect to the industry. This analysis would form an integral part of its draft red herring prospectus.

The company is also evaluating a number of international investment bankers, with a view to appointing one or two of them. EbixCash will formalize the appointment soon to finalize its investment banking roster.

EbixCash previously announced the appointment of ICICI Securities as the left banker; it is also one of the book-running lead managers for the IPO. Axis Capital and Edelweiss Financial Services have also been tapped as book-running lead managers.