EbixCash World Money Limited made an offer to acquire 25.16% stake in Weizmann Forex Limited (BSE:533452) for INR 1.5 billion on December 31, 2018. EbixCash World Money Limited will acquire 2.8 million shares for INR 528 per share. Assuming the full acceptance of shares, the offeror has adequate resources to fund the transaction. In a related transaction, EbixCash World Money Limited signed a share purchase agreement to acquire 74.8% stake in Weizmann Forex Limited (BSE:533452) from a group of shareholders for INR 4.4 billion. EbixCash World Money Limited has confirmed that it has adequate and firm financial resources. The offer is not conditional upon any minimum level of acceptance. As of January 18, 2019, Weizmann Forex has constituted an Independent Directors Committee to provide recommendations on the open offer. Offer opening and closing date is June 6, 2019 and June 19, 2019 respectively. Bhavin Ranawat and Sugandha Kaushik of Centrum Capital Limited (BSE:501150) acted as manager to the offer. Arvind Tandel of Bigshare Services Pvt. Ltd. acted as registrar to offer.