Eraaya Lifespaces' stock soared to its upper limit of Rs. 947.50, marking a 5% increase of 45.10 points from its prior close of Rs. 902.40 on the BSE. The stock opened and remained stable at Rs. 947.50, with 2862 shares exchanged.

The company's stock, part of the BSE group 'XT' with a face value of Rs. 10, has now reached its 52-week high of Rs. 947.50, contrasting its 52-week low of Rs. 15.40 recorded on 31-Aug-2023. Over the past week, the stock fluctuated between Rs. 947.50 and Rs. 800.00. Eraaya’s current market cap stands at Rs. 1741.92 crore.

The company's ownership structure consists of 43.98% held by promoters, while 56.02% is owned by non-institutional investors.

Eraaya Lifespaces successfully completed the acquisition of Ebix Inc., USA, and its global subsidiaries for $151.577 million (approximately Rs. 1273.25 crore), ending the Chapter 11 proceedings for Ebix. This acquisition follows a successful June 2024 bid, with Eraaya emerging as the top bidder in a U.S. Bankruptcy Court auction. The deal is valued at an enterprise worth of $361 million (around Rs 3009 crore), marking a pivotal moment for both companies as Eraaya assumes ownership of Ebix Inc. and its subsidiaries.

This acquisition opens up new avenues for Eraaya Lifespaces, particularly in the On‐Demand software and E‐commerce sectors, targeting industries like insurance, finance, healthcare, entertainment, travel, and event organizing.

Eraaya Lifespaces remains a leading lifestyle and hospitality brand, delivering exceptional experiences globally.