Ebix shares slide 34% after short seller questions accounting at India unit that is prepping for IPO

Shares of conglomerate Ebix Inc. , which offers payment services, travel and IT in India, slid 34% Thursday, after short seller Hindenburg Research questioned the company's accounting in a new report. Hindenburg said some of the numbers the company has offered relating to its Indian unit EbixCash, which it is planning to take public in a $4.5 billion deal, do not add up. The unit has a prepaid gift card division which accounted for 82% of its 2021 revenue. Its auditor, RSM, resigned in...