Indian business GI Retail Group performing better than expected says Wirecard

Vastavam web: German payment processor Wirecard on Tuesday said its Indian business GI Retail Group was performing better than expected as it rejected a report critical of Wirecard’s acquisition of the Indian payments business in 2015.Wirecard’s stock was hit earlier on Tuesday by a report by the Southern Investigative Reporting Foundation , that was critical of Wirecard’s acquisition of the Indian business. Wirecard reiterated a forecast given in December for earnings, before interest, taxation, depreciation and amortisation of 510 million euros to 535 million euros for 2018.