Paul Merchants has disposed off its equity stake in YouFirst Money Express (now known as EBIX Money Express) fully for a total sale consideration of Rs 34.20 crore to EBIXCASH World Money (formerly known as Centrum Direct). After this, the company has no equity stake in YouFirst Money Express.
Paul Merchants is engaged in international inward remittance, foreign exchange and tours, and travels and air ticketing. The company’s segments include Forex, Western Union, Travel and Others.