April 3, 2018 / 9:11 AM / 7 months ago

India's Centrum Group to sell money exchange business to U.S.-based Ebix

April 3 (Reuters) - India’s Centrum Capital Ltd said on Tuesday the parent Centrum group agreed to sell its money exchange business to U.S.-based Ebix Inc for about 12 billion rupees ($184.60 million).

The entire Centrum Direct team and assets will be transferred to EBIX, Centrum Capital said in a statement. here ($1 = 65.0050 Indian rupees) (Reporting by Vishal Sridhar in Bengaluru; Editing by Subhranshu Sahu)

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