YTRA - Ebix Will Walk From Yatra If Shareholders' Interests Prevail
Ebix up to 2017
Ebix (EBIX) was once a stellar stock but has turned out to be my biggest blunder in a long investment career.
The core business, stitching legacy IT systems of US insurance carriers first into an integrated system, and then linking them to exchanges where Third-Party (3P) transactions were affected on proprietary Ebix platforms, was a winning strategy that offered customers a hassle-free, cost-competitive edge. It's important to note that I admired the CEO's astute acquisition skills in the US, where the takeover target could see positive network effects and Ebix's competitive