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Eraaya Lifespaces is currently trading at its upper limit of Rs. 947.50, up by 45.10 points or 5.00% from its previous closing of Rs. 902.40 on the BSE.

The scrip opened at Rs. 947.50 and has touched a high and low of Rs. 947.50 and Rs. 947.50 respectively. So far 2862 shares were traded on the counter.

The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 947.50 on 30-Aug-2024 and a 52 week low of Rs. 15.40 on 31-Aug-2023.

Last one week high and low of the scrip stood at Rs. 947.50 and Rs. 800.00 respectively. The current market cap of the company is Rs. 1741.92 crore.

The promoters holding in the company stood at 43.98%, while Non-Institutions held 56.02% stake in the company.

Eraaya Lifespaces has made the payment of $151.577 million (around Rs 1273.25 crore) for the acquisition of Ebix Inc. USA and its global subsidiaries. With this landmark, the Chapter 11 proceedings for Ebix Inc come to an end and Eraaya will be the holding company of Ebix Inc. and all its subsidiaries henceforth.

The acquisition, concluded following a successful bid in June 2024, witnessed Eraaya’s consortium emerging as the top bidder in the auction managed by the U.S. Bankruptcy Court. The acquisition encompasses full ownership of Ebix Inc. and its global subsidiaries, integrating all associated assets and liabilities at an enterprise value commensurating to $361 million (around Rs 3009 crore). This milestone represents a transformative moment for both Eraaya and Ebix, heralding the start of a future brimming with exciting new opportunities.

The acquisition will make way for the company to explore new exciting opportunities in the On?Demand software and E?commerce services to the insurance, financial and healthcare industries, entertainment travel and event organizing industry

Eraaya Lifespaces is a premier lifestyle and hospitality company dedicated to curating unforgettable experiences worldwide.