EBIX - EbixCash nabs government contract for bus automation solution

EbixCash (EBIX) +5% pre-market after announcing its Indian subsidiary EbixCash bags contract to design, develop, build, install, maintain, operate and transfer the automatic fare collection system for all the buses run by the Government-owned transport corporation in Pune.EbixCash will implement the end-to-end on-demand bus automation system across a minimum of 2,000 buses in the city of Pune.The contract's initial term will be 7 years, with EbixCash deploying the platform over the next 3 months.Shares +4% premarket.

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EbixCash nabs government contract for bus automation solution